June 24, 2019 / 11:38 PM / a month ago

Insurance Australia Group in talks over SBIG stake sale

(Reuters) - Insurance Australia Group on Tuesday said it has held talks with external parties on the potential sale of all or part of its 26% stake in India’s SBI General Insurance Company.

Australia’s second-largest insurer by market value was responding to an Indian newspaper report which cited sources saying that six private equity funds were among those shortlisted for picking up AIG’s stake in SBIG.

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Stephen Coates

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