AIG sells final batch of AIA shares, raising $6.4 billion

The deal attracts massive demand and prices at a tight 4.3% discount, which results in a higher price per share than on AIG’s other two sell-downs in the pan-Asian life insurer this year.

AIG sells final batch of AIA shares, raising $6.4 billion

American International Group AIG last night completed its exit from Hong Kong-listed AIA Group through a HK$50 billion $6.4 billion share placement that attracted huge demand and was priced at a pretty tight 4.3% discount.

The deal trumped AIG’s $6 billion sell-down in AIA in March to become the largest equity transaction in Asia this year and the second-largest block trade ever after Vodafone’s $6.6 billion exit from China Mobile in September 2010....

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