AIG nets $482m from PICC clean-up block

Jonathan Breen

February 28, 2019 04:00 am

AIG_PA_230x150 — The sign outside the AIG building in Fenchurch Street, London. | Clive Gee/PA Archive/PA Images

American International Group has raised HK$3.79bn ($482.3m) from the sale of its remaining stake in People’s Insurance Company Group of China (PICC), according to a term sheet seen by GlobalCapital Asia.

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Topics

Equity Hong Kong SAR Asia Greater China Northeast Asia Asia Pacific ABBs-Block Trades Emerging Markets HSBC Goldman Sachs

JB

Jonathan Breen

Equities editor GlobalCapital Asia