Khazanah raises $356 million from AIA exit

The deal comes just ahead of the expiry of AIG’s latest lockup and gets a strong response from investors.

Khazanah raises $356 million from AIA exit
Khazanah bought into AIA at the time of its Hong Kong IPO in 2010.

A block of shares in Hong Kong-listed AIA Group was up for sale last night, but it didn’t come from American International Group. The US insurance company still owns 13.7% of AIA, which it will be free to sell after its latest lockup expires this week.

This deal was significantly smaller than what AIG is expected to bring its entire remaining stake is currently valued at $6.4 billion but that didn’t mean it attracted...

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