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 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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