AIG life and retirement IPO slated for Q4
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AIG life and retirement IPO slated for Q4

AIG stock market graph.jpg

AIG is expecting to spin out its life and retirement business in the fourth quarter of the year, CEO Peter Zaffino told a conference on Wednesday.

AIG’s plan involves an initial public offering (IPO) for a 19.9% stake in the life and retirement business, with the remaining equity retained by the insurance giant.


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