AIA shares up 5.7 pct after AIG sells $2 billion block at surprise premium

HONG KONG Thu Sep 6, 2012 9:29pm EDT

The logo of AIA Tower is seen at its entrance in Hong Kong June 3, 2010. REUTERS/Bobby Yip

The logo of AIA Tower is seen at its entrance in Hong Kong June 3, 2010.

Credit: Reuters/Bobby Yip

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HONG KONG (Reuters) - Shares in AIA Group Ltd (1299.HK) were set to open up 5.7 percent on Friday morning after U.S. insurer American International Group Inc (AIG.N) sold a $2 billion stake in the pan-Asia insurer at a surprise premium to Thursday's close.

At 0120 GMT, AIA shares were at HK$27.80, compared with AIG's sale price of HK$26.50 each, while the benchmark Hang Seng Index .HSI was set to start up 1.7 percent.

(Reporting by Denny Thomas; Editing by Chris Lewis)

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