Troubled AIG raises $2.15bn from sale of Nan Shan Life
AIG is to sell its 97.57% share of Nan Shan Life Insurance Company for $2.15bn to a consortium of Hong Kong-based financial services firm Primus Financial Holdings and Hong Kong listed China Strategic Holdings.
“We are pleased to have found a buyer who shares our confidence in Nan Shan’s bright future, and who has pledged to continue Nan Shan’s commitment to its policyholders, agents, and employees, as well as to the people of Taiwan,” said Robert Benmosche, AIG chief executive officer.
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