Shan's Pacific Alliance bidding for AIA?
Hong Kong-headquartered private equity firm Pacific Alliance Group (PAG) is leading one of four PRC-backed consortia that have approached AIG over the possible acquisition of its Asia division AIA, which is on the market again following Prudential's failed $35 billion takeover bid - or so claim regional media reports.
Questions have already been raised over how PAG and its partners could afford the potential price tag, which caused shareholders in Prudential to revolt against the takeover attempt. Other possible bidders...
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