AIG’s Nan Shan Deal Back On Track
Posted on June 10, 2011 at 15:31 PM EDT
American International Group Inc.’s (NYSE:AIG) $2.16 billion sale of its local unit, Nan Shan Life Insurance Co., has finally been sanctioned by Taiwan’s Financial Supervisory Commission (FSC). However, the sanction came with certain conditions. In January this year, AIG accepted the bid from Ruen Chen Investment Holding Co. Ltd. (Ruen Chen) in order to divest [...]