AIG raises $1.25b by selling shares of Chinese insurer PICC in among biggest block deals in Asia

AIG raises $1.25b by selling shares of Chinese insurer PICC in among biggest block deals in Asia

American International Group has raised HK$9.68 billion ($1.25 billion) by selling a large chunk of its stake in China’s PICC Property and Casualty Co Ltd (PICC P&C) in a block deal, IFR reported on Sunday.

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