AIG's cash-for-debt multi-pronged AIA split final sprint

Source: Internet
Author: User
For AIG, an AIA IPO would have been more fruitful than the group's 1.2 billion dollar sale of its Japanese business headquarters.  The ongoing sale is the largest divestiture of AIG's current assets, aimed at raising money to repay the US government's $180 billion trillion bailout fund.  AIG also carried out a number of business splits and divestiture plans in order to reduce the U.S. government's stake in the group by as much as 80% as quickly as possible. According to reports, in order to reduce overseas debt, AIG will launch the Taiwan Life Insurance subsidiary of Nanshan Life Insurance Company (Nan Shan Insurance Co. Sales procedures. AIG made two-pronged preparations for the deal: one to sell to potential buyers by auction and the other to prepare for an initial public offering for the company. AIG has authorised Morgan Stanley to co-ordinate the deal.  AIG, meanwhile, is hoping to get 4.4 billion of dollars in cash by selling several of its subsidiaries, which are in the US, Brazil and Thailand, respectively.  Although AIA and Taiwan Nanshan Insurance and other Asian life operations subsidiaries of the split process has entered the final sprint, the car insurance business spin-off rumors are also rampant, but AIG's Asian insurance business subsidiary of the United States and Asia insurer has not been linked to any capital operation rumors. In addition, in the area of divestiture, in addition to the group's Japan Business headquarters, AIG issued a statement on March 18 saying the group was considering selling its global headquarters building at 70th Cedar Street, New York's Midtown Manhattan, and another house on Wall Street 72nd. On 7th this month, the landmark building in Hong Kong, the American International Group Building, has been renamed AIA Mansion. (Gao Jian Qianjie)

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