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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment, Market

AIA primed for sale

Posted on 22 October 2010

From Atimes.com: AIA, the Asian unit of troubled US insurance giant AIG, is expected to announce pricing of its shares tomorrow in a sale that may raise US$20.5 billion as institutional demand outweighs subdued interest from retail investors in Hong Kong, where the shares will be listed next week. Kuwait Investment Authority will buy US$1 billion worth of stock.
China Investment Corp, the country’s US$300 billion sovereign wealth fund, leading Chinese insurers Ping An and China Life, and US fund manager John Paulson were also reported to be seeking stakes……………………………………….Full Article: Source


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