AIG looks to sell off Asian real estate PE to Invesco: reports
Struggling US insurance giant American International Group Inc (AIG) is planning to spin off its Asian real estate business, including its real estate private equity assets, selling to Invesco Ltd, the independent US-headquartered global investment manager, according to reports.
The current value of realty assets owned by AIG were estimated at around $5 billion, stated Reuters. Ongoing negotiations were said to be close to finalization and expected to yield a signed agreement...
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