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American International Group, Inc.
AIG announced today that it
has commenced a sale in Hong Kong of up to $2 billion worth of ordinary
shares of AIA Group Limited (AIA) by means of a placing to certain
institutional investors. AIG expects to use the net proceeds from the
placing of AIA ordinary shares for general corporate purposes, which may
include share repurchases or other capital management. Immediately
following the sale, AIA Aurora LLC, a wholly-owned subsidiary of AIG,
expects to transfer all of its remaining interest in AIA to its parent,
AIG.
The ordinary shares have not been and will not be registered under the
Securities Act of 1933, as amended (the Securities Act), or any other
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