Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  AIA Group Ltd    1299   HK0000069689

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

AIG To Sell Its Shares In AIA Group When Lock-Up Expires In September -Reuters

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2012 | 07:25am CEST

American International Group Inc. (AIG) Chief Executive Robert Benmosche said the company will sell its remaining shares of Asian life insurer AIA Group Ltd. (1299.HK) after the lock-up period expires in September, Reuters reported Wednesday.

Benmosche said the sale will reduce AIG's earnings volatility.

AIG sold two-thirds of AIA in a Hong Kong initial public offering in October 2010 and sold about $6 billion of stock earlier this year, leaving it with a stake of about 18.6%.

Full story at http://www.reuters.com/article/2012/05/16/aig-aia-idUSL1E8GG82420120516

-Dow Jones Newswires; 212-416-2900

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on AIA GROUP LTD
05/31 AIA, Prudential, others weigh bids for Thai SCB's insurance unit stake - sour..
05/16 BANK OF PHILIPPINE ISLANDS : BPI Philam out to outperform record 2015 premium ha..
05/10 BANK OF PHILIPPINE ISLANDS : BPI Philam out to outperform record 2015 premium ha..
05/10 AIA GROUP LTD : ex-dividend day for final dividend
04/26 AIA : completes stake hike in insurance JV with Tata Sons to 49% and other top i..
04/26 AIA : Completes stake hike in tata sons insurance jv
04/26 AIA : completes stake hike in insurance JV with Tata Sons to 49%
04/26 AIA : completes stake hike in insurance JV with Tata Sons to 49%
04/26 AIA : Hikes stake in tata joint venture to 49%
04/25 AIA : places premium on Philippine market
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials