AIG decides against strategic investor for AIA-source

HONG KONG, Aug 27 (BestGrowthStock) – American International Group
Inc (AIG.N: ) has scrapped plans to sell a strategic stake in its
Asian life insurance business, AIA, ahead of its initial public
offering, a source familiar with the process said on Friday.

About four consortiums consisting of Chinese investors had
approached AIG with offers to buy a stake in American
International Assurance, sources previously told Reuters.

AIG declined to comment.
(Reporting by Denny Thomas; Editing by Jacqueline Wong)

AIG decides against strategic investor for AIA-source