AIG intent on selling its PICC stakes

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American International Group (AIG) is hoping to raise 190 million USD with the sale of its residual share in the Chinese insurer PICC Property & Casualty. The American group is putting 111 million shares it owns up for sale for a minimum price of 13.39 HKD (1.7 USD) per share.

For the last two years, AIG has been decreasing its engagement in PICC. Previous sales of its securities reaped the corporation 2.6 billion USD.

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Wed, 02/11/2016 - 08:32
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