State Forex Station

A successful IPO of AIA is important to AIG’s plans to repay billlions of dollars in US government aid and persuade the authorities to sell their 80% stake in the company. AIG is now approaching big state-controlled companies and investors over the sale of a significant stake in its Asian arm of AIA ahead of [...]

The Anglo-South African insurer—Old Mutual has banking, insurance and fund management operations in over 30 countries. In 2009, its underlying operating profits rose from £1.1bn to £1.2bn.
These days, as the sprawling conglomerate tries to refocus, the company is planning to spin off its US fund management business and sell its US life and pensions division.
The [...]