HONG KONG, Sept 6 U.S. insurer American
International Group plans to raise up to $2 billion by
selling part of its stake in AIA Group Ltd, IFR
reported on Thursday, citing a term sheet of the deal.
AIG is offering about 600 million shares in a range of
HK$25.75 TO HK$26.75 each, equivalent to a discount of 2.1
percent and a premium of 1.7 percent to AIA's Thursday close of
HK$26.3, the term sheet showed. IFR is a Thomson Reuters
The deal comes two days after a lockup on the shares expired
on Sept. 4 and six months after AIG sold a $6 billion stake in
Deutsche Bank and Goldman Sachs were hired
to jointly manage the offering.