Taiwan conditionally approves AIG Taiwan unit sale

TAIPEI, June 9 Thu Jun 9, 2011 5:35am EDT

TAIPEI, June 9 (Reuters) - Taiwan's financial regulator said on Thursday it had conditionally approved AIG's $2.2 billion sale of its Nan Shan Life unit, bringing closer to an end an over year long saga.

The conditions were not immediately available.

The U.S. insurer has not been able to seal the deal for nearly two years amid tightened scrutiny from a regulator sensitive to the fate of Nan Shan policy holders, which account for about one-sixth of Taiwan's 23 million population. (Reporting by Jeanny Kao)

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