NU Online News Service, Oct. 13, 10:13 a.m. EDT
American International Group Inc. announced it has arranged to sell Taiwan-based Nan Shan Life Insurance Company Ltd. for approximately $2.15 billion to a consortium led by Primus Financial Holdings Ltd.
AIG has a 97.57 percent share in Nan Shan. Primus is a Hong Kong-based financial services firm. Also in the purchasing consortium is China Strategic Holdings Ltd., a Hong Kong Stock Exchange-listed investment company.
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