Friday, November 12, 2010

AIG aims to sell its Taiwan Nan Shan Life unit in two months

AIG aims to sell its Taiwan Nan Shan Life unit in two months for around $2 billion, a newspaper reported on Friday, as it continues to repay its bailout debt to the U.S. government.People walk past the AIA Tower, named after American International Assurance Co (AIA), in Hong Kong February 27, 2009. Bids for AIG's Asian assets, including the Hong Kong-based life insurance group AIA, are due on Friday, according to other sources, who spoke with Reuters earlier this week on condition of anonymity.

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