AIG raises $192 mln by selling remaining PICC P&C shares-IFR

September 5, 2016 12:55 AM

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HONG KONG, Sept 5 American International Group (AIG) has raised about HK$1.49 billion ($192 million) by selling its remaining shares in Chinese insurer PICC Property and Casualty Co Ltd, IFR reported.

AIG sold 111 million shares at HK$13.46 each after marketing the deal at a floor price of HK$13.39. The shares ended Friday at HK$13.46.

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