Kuwait Investment Authority plans to be cornerstone investor in AIA Group Ltd. IPO

Posted on 10/04/2010

Sources say the Kuwait Investment Authority (KIA) has claimed around US$ 1 billion in the IPO for AIA Group Ltd.  AIA Group Ltd. is the Asian life unit of American International Group (AIG).  AIG is reluctant to sell this prized asset, but needs cash to pay off the U.S. government (taxpayers).  The IPO is targeted […]