AIA offloads more than 60% of its stake in CP All

The deal raises $141 million after being upsized by two-thirds and will reduce AIA’s stake in the Thailand 7-Eleven franchise holder to 0.9%.

AIA offloads more than 60% of its stake in CP All
The Charoen Pokphand group has business interests across food, retail and telecoms (Bangkok Post)

The first half of 2012 has not been kind to investors, so it is perhaps no surprise that there has been a pickup in block trades in Asia during the past couple of weeks as some of them have tried to secure a bit of last-minute profit amid a tentative market rebound from the lows in early June.

Making use of the very last window to do so, pan-Asian life insurance company AIA sold about...

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