AIG (AIG) raises $2.02B by selling 591.9M shares in AIA Group for HK$26.50 ($3.42) each, or a...

|By:, SA News Editor

AIG (AIG) raises $2.02B by selling 591.9M shares in AIA Group for HK$26.50 ($3.42) each, or a 0.8% premium to the latter's close in Hong Kong yesterday. AIG's stake in AIA fell to 13.69% from 18.6%. One analyst was disappointed with the divestment, saying it was "meaningfully below both our and consensus expectations." (PR)