Insurance Post

AIG divests remaining holding in AIA

AIA building in Hong Kong

AIA Group has confirmed that AIG has entered into a placing agreement to sell all its ordinary shares of AIA at HK$30.30 each.

On completion of the placing, AIG will have fully divested its 13.69 per cent holding of shares in AIA.

Mark Tucker, group chief executive and president of AIA, said: "AIG's divestment of its

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