AIA Price Too High?

More possible investors pull out of a bid for AIG's Asian insurance arm.

INN Breaking News, August 13, 2010

Carrie Burns

The quest to sell AIG’s Asian life insurance unit continues. China Life Insurance Co., Ltd., China Cinda Asset Management Corp. and Fosun Group had planned to jointly acquire AIA, but withdrew from bidding for stakes ahead of its planned initial public offering, according to numerous sources.

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