AIG Prices 1.65B Shares of AIA Group Limited at US$3.91/Share

American International Group AIG announced today that it has priced the sale in Hong Kong of approximately 1.65 billion ordinary shares of AIA Group Limited (AIA) by means of a placing to certain institutional investors. This represents all of the AIA ordinary shares owned by AIG. Upon the closing of the placing, which is scheduled for December 20, 2012, in Hong Kong, and is subject to customary closing conditions, AIG will receive gross proceeds of approximately US$6.45 billion, based upon a purchase price of HK$30.30 (approximately US$3.91) per share. AIG expects to use the net proceeds from the placing of AIA ordinary shares for general corporate purposes. See full press release