AIG (AIG) intends to raise as much as $2B by selling part of its remaining 18% stake in AIA...

|By:, SA News Editor

AIG (AIG) intends to raise as much as $2B by selling part of its remaining 18% stake in AIA Group, Reuters publication IFR reports. AIG is offering 600M shares at HK$25.75-HK$26.75 each vs. AIA's Hong Kong closing price today of HK$26.3 ($3.39). The report follows the expiry of a lock-up on AIG's stake in AIA on Tuesday.