AIG (AIG -0.2%) plans to sell its shares in AIA Group (AAIGF.PK) after a lock-up period expires...

|By:, SA News Editor

AIG (AIG -0.2%) plans to sell its shares in AIA Group (AAIGF.PK) after a lock-up period expires in early September, CEO Bob Benmosche says. The divestment should help decrease the volatility in AIG's earnings. AIG sold $6B worth of AIA stock in March, leaving it with around 19%.