Dealtalk: Banks pin hopes on $7.6 billion AIA selldown to buffer poor year
| Reuters
As American International Group (AIG.N) becomes free next week to sell a $7.6 billion stake in former unit AIA (1299.HK),
deal-starved bankers in Hong Kong are jostling for a role in what may
be Asia-Pacific's biggest stock market event of the year.
A lock-up agreement preventing
the U.S. insurer from selling the stake expires on September 4. If AIG
does decide to sell the entire 18.6 percent stake, the deal would be
Asia's biggest-ever block offering, ahead of Vodafone plc's (VOD.L) $6.6 billion sale in China Mobile (0941.HK) two years ago
This may be a nice snatch and grab and run play as the PPS may rise considerably on this sale...As always invest at your own risk.
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