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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Managing AIG’s return to public hands

Posted on 04 February 2011

From Reuters: Another option for the U.S. government — one that may be an easier way to raise capital compared with Buffett but perhaps tougher to sell to the public — is selling stakes to sovereign wealth funds from Asia or the Middle East.
But investors know the government has more than 1.6 billion shares to sell, that it intends to make a profit and that the floor to do that is $29.70 a share. The shares are trading in the low $40s, and bankers say the share offering would be more likely to price in the lower-to-mid $30s……………………………………….Full Article: Source


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