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OCTOBER 7, 2008

AIG to Offer Stakes in Asian Units

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more in Asia »

American International Group Inc. said Monday that it plans to sell stakes in its Thai life-insurance business and consumer-finance banking arm, while offloading its Philippine unit.

AIG is looking for a strategic investor to hold a minority stake in Hong Kong-based AIA Holding, which owns the Thai life-insurance unit through American International Assurance Hong Kong, said Thomas White, executive vice president ...

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