American International Group has received a $1 billion commitment from Kuwait Investment Authority for AIA Group’s Hong Kong initial public offering. But the Kuwaiti sovereign wealth fund has forced AIG to lower the value of the Asian life insurance company.
Continue reading AIG Forced to Lower AIA Valuation as Kuwait Fund Commits $1 Billion
AIG Forced to Lower AIA Valuation as Kuwait Fund Commits $1 Billion originally appeared on DailyFinance on Mon, 04 Oct 2010 07:55:00.
Filed Under: American International Group, Stocks in the News