<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AIG">American International Group (AIG)</a> is seeking to raise about $190 million by selling its remaining shares in China&#8217;s <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=PICC+Property+and+Casualty+Co+Ltd">PICC Property and Casualty Co Ltd</a>, according to a term sheet of the deal seen by IFR on Saturday.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=AIG">American International Group (AIG)</a> is seeking to raise about $190 million by selling its remaining shares in China&#8217;s <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=PICC+Property+and+Casualty+Co+Ltd">PICC Property and Casualty Co Ltd</a>, according to a term sheet of the deal seen by IFR on Saturday.
AIG is offering 111 million shares at a floor price of HK$13.39 each, representing 0.5 percent discount to PICC Property and Casualty&#8217;s last traded price, the terms showed.
AIG has been steadily selling down its stake in PICC over the past two years and has raised about $2.6 billion prior to Saturday&#8217;s trade. AIG acquired shares in PICC Property and Casualty ahead of the Chinese insurer&#8217;s Hong Kong IPO in 2003.
AIG was not available for immediate comment. PICC could not be reached for comment.
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<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/aig-offering-up-to-1b-stake-in-chinese-insurer-picc-pc-22718/">AIG offering up to $1b stake in Chinese insurer PICC Property and Casualty Co</a>
<h4>Reuters</h4>

Australian accounting software provider MYOB Group said KKR & Co sweetened earlier takeover offer by about 2% to A$3.77 a share, valuing the company at $1.61 billion.

AIG seeks to raise $190m by selling remaining shares of Chinese insurer PICC

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AIG seeks to raise $190m by selling remaining shares of Chinese insurer PICC

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