AIG Talking to Investors About Planned IPO For AIA

American International Group (AIG) is talking to potential investors to sell stakes in its Asian life insurance business AIA, ahead of a planned IPO of the unit.

Investors including Temasek Holdings, China Investment Corp and Abu Dhabi Investment Authority have all registered their interested in taking stakes in AIA, Reuters reported without naming its sources.

"Some preliminary talks have taken place in response to interest from some investors," one source told Reuters.

A report in the Financial Times said that AIG may place as much as 30% of AIA with institutional investors instead of offering them minor stakes in an IPO.

The AIA share sale is scheduled to take place by the fourth quarter of 2010. AIG plans to list the unit on the Hong Kong exchange in an offering that is expected to raise about $15 billion.
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