AIG May Sell Taiwan Unit Soon
NEW YORK (
) -- The sale of
American International Group
's
(AIG) - Get American International Group Inc. Report
Taiwan Nan Shan Life unit may happen in the few couple months.
Reports say that bidders for the unit include
Fubon Financial
,
Primus
and
Chinatrust Financial
. The unit is estimatd to sell for a little over $2 billion.
In August Taiwant egulators blocked a $2.16 billion bid from
China Strategic
TheStreet Recommends
and
Primus
due to the companys' lack of experience running an insurer.
A report by the
Commerical Times
said that AIG Chair Robert Benmosche had discussions with Taiwan financial regulators about a sale of the unit,
--Written by Maria Woehr in New York.
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