
Insurance
AIA to be seperated from AIG
Tuesday 3rd of March 2009
Once separated the United States Federal Reserve will have a stake in the business, however it is planned that AIA will be sold, possibly through an initial public offering (IPO) of shares to investors.
Money used from the sale will be used by AIG to repay loans to the US government.
"The ultimate success of our restructuring plan centres on ensuring that the unique businesses tha...
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