AIG to s jupe pas cher ell entire stake in Taiwan's Nan Shan Life Insurance
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AIG to sell entire stake in Taiwan's Nan Shan Life InsurancePublished: 11 Nov 2008 02:43:14 PST
Nov. 11, 2008 (China Knowledge) - American International Group (AIG), the world's magnate in insurance and finance industry, plans to sell all the shareholding it holds in Taiwan's Nan Shan Life Insurance Co at about US$2 billion to US$2.5 billion, according to the Economic Daily News.

Currently, AIG holds 95% stake in Nan Shan Life Insurance, which is the second largest life insurer by premium income in Taiwan following Cathay Life Insurance.

After being bailed out by the U.S. government, AIG has been restructuring its overseas operations in a bid to generate cash.

AIG previously planned to sell 49% its holdings in Nan Shan Life Insurance and its financial advisors had approached some potential local vendees, including Cathay Financial Holdings, Shin Kong Financial Holding Co, Fubon Financial Holding Co and Mega Financial Holding Co, according to earlier media report.



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