AIG agrees to sell 9.9% of L&R business to Blackstone for $2.2bn

AIG has agreed to sell a 9.9 percent equity stake in its life and retirement (L&R) business for $2.2bn cash to Blackstone, in a key first step as it looks to separate L&R as a standalone unit.

 

Want to read this article?

 

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Andy Stone

Sales manager

+44 (0) 77 4160 9204

andy.stone@wbmediagroup.com

    Ricky Lamey

    Business development executive

    ricky.lamey@thomsonreuters.com