AIG sells its stake in Taiwan based Nan Shan Life Insurance

12 January 2011 | 2 minutes read

American International Group, (AIG) has announced an agreement to sell its 97.57% interest in Nan Shan Life Insurance to Ruen Chen Investment Holding, a company owned 80% by the Ruentex Group, the Taiwan-based conglomerate, and 20% by Pou Chen Corporation, the Taiwan Stock Exchange-listed footwear manufacturer, for $2.16bn in cash. “The participants in the consortium enjoy an excellent reputation in…

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