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FACTBOX-AIG's progress on asset sales
Mon Mar 8, 2010 10:29am EST
Stocks
American International Group, Inc.
AIG.N
$29.10
+1.02+3.63%
12:00am GMT+0100
Prudential Plc
PRU.L
516.50p
-1.50-0.29%
8:22am GMT+0100
March 8 (Reuters) - American International Group Inc (AIG.N)
agreed to sell its foreign life insurance unit, American Life
Insurance Co, to MetLife Inc for about $15.5 billion in cash and
stock, its second major asset sale in a week. [ID:nN08154999]
The deal, along with a $35.5 billion sale of American
International Assurance, its Asian life unit, to Britain's
Prudential Plc (PRU.L) will help the U.S. government recover $31.5
billion in cash, and more over time as AIG sells the buyers'
securities.
Below are some of the major deals AIG has announced:*
ASSET BUYER PRICE
AIA Prudential Plc $35.5 bln
Alico MetLife $15.5 bln
Nan Shan Life Primus, China Strategic $2.15 bln
Asset management Pacific Century Group $500 mln
AIG Finance (Hong Kong) China Construction Bank $70 mln**
AIG FP energy investments Various $1.9 bln
Transatlantic Hldgs stake Offering of shares $1.1 bln***
Office bldg, Tokyo Nippon Life Insurance $1.2 bln
21st Century Insurance Zurich Financial $1.9 bln
Unibanco AIG Seguros Unibanco $820 mln
Hartford Steam Munich Re $739 mln
US life premium finance Unit of Wintrust Financial $679.5 mln
AIG Life of Canada BMO Financial Group $263 mln
AIG Private Bank Aabar Investments $253 mln *
For list of all AIG deals announced since September 2008, see
here.
** Deal also includes repayment of intragroup debt and deposits of
about $557 million
*** AIG also commenced a secondary offering of its remaining 9.2
million Transatlantic shares on Monday.
(Reporting by Paritosh Bansal)
www.reuters.com/article/idUSN0813251720100308
Mon Mar 8, 2010 10:29am EST
Stocks
American International Group, Inc.
AIG.N
$29.10
+1.02+3.63%
12:00am GMT+0100
Prudential Plc
PRU.L
516.50p
-1.50-0.29%
8:22am GMT+0100
March 8 (Reuters) - American International Group Inc (AIG.N)
agreed to sell its foreign life insurance unit, American Life
Insurance Co, to MetLife Inc for about $15.5 billion in cash and
stock, its second major asset sale in a week. [ID:nN08154999]
The deal, along with a $35.5 billion sale of American
International Assurance, its Asian life unit, to Britain's
Prudential Plc (PRU.L) will help the U.S. government recover $31.5
billion in cash, and more over time as AIG sells the buyers'
securities.
Below are some of the major deals AIG has announced:*
ASSET BUYER PRICE
AIA Prudential Plc $35.5 bln
Alico MetLife $15.5 bln
Nan Shan Life Primus, China Strategic $2.15 bln
Asset management Pacific Century Group $500 mln
AIG Finance (Hong Kong) China Construction Bank $70 mln**
AIG FP energy investments Various $1.9 bln
Transatlantic Hldgs stake Offering of shares $1.1 bln***
Office bldg, Tokyo Nippon Life Insurance $1.2 bln
21st Century Insurance Zurich Financial $1.9 bln
Unibanco AIG Seguros Unibanco $820 mln
Hartford Steam Munich Re $739 mln
US life premium finance Unit of Wintrust Financial $679.5 mln
AIG Life of Canada BMO Financial Group $263 mln
AIG Private Bank Aabar Investments $253 mln *
For list of all AIG deals announced since September 2008, see
here.
** Deal also includes repayment of intragroup debt and deposits of
about $557 million
*** AIG also commenced a secondary offering of its remaining 9.2
million Transatlantic shares on Monday.
(Reporting by Paritosh Bansal)
www.reuters.com/article/idUSN0813251720100308
