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

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

05/16/2012 | 01:25am US/Eastern

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

React to this article
Latest news on AIA GROUP LTD
07/29 AIA : Asia’s Protection Gap Underlines Need for Greater Insurance Planning
07/25 AIA : Takaful eyes urban Bumiputeras
07/24 AIA : H1 Makes More Money
07/24DJPan-Asian Insurer AIA's New-Business Value Rises 21% -- Update
07/24 AIA : interim net up 41% to US$2.18bn; div HK18.72 cts
07/24DJAIA : Correction to AIA Earnings Story
07/23DJAIA : 1st Half Net Profit up 41% at US$2.18 Billion
07/23DJCorrection to AIA's Earnings Article
07/23 AIA : Delivers Excellent Results
07/23DJPan-Asian Insurer AIA's New-Business Value Rises 41%
Advertisement
Chart
Duration : Period :
AIA Group Ltd Technical Analysis Chart | 1299 | HK0000069689 | 4-Traders
Income Statement Evolution
More Financials