NU Online News Service, March 2, 2:55 p.m.EST
|AIG is reportedly selling its stake in private-equity firmBlackstone Group for $500 million, according to CNBC, which citesunnamed sources.
|CNBC further states, “Blackstone has long been an adviser toAIG, but the sale marks building tensions between the twofirms.”
|The buyer is not yet known, CNBC says, adding that the sale wasmade before the market opened today.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
