NU Online News Service, March 6, 2:17 p.m. EST

American International Group says it completed the sale of 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., at the projected price of approximately $6 billion.

AIG says the transaction will close Thursday, and that it received a price of HK$27.15, or $3.50, each for the shares.

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