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AIG Genesis AI Corp

0.075
-0.015 (-16.67%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Genesis AI Corp CSE:AIG CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.015 -16.67% 0.075 0.07 0.08 0.08 0.075 0.08 27,000 21:00:00

Primus Wins Bid For AIG's Taiwan Unit; Offers US$2.2 Billion -Report

06/10/2009 3:49am

Dow Jones News


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U.S. private equity fund Primus Financial Holdings Ltd. has won the bid for American International Group Inc.'s (AIG) Taiwan unit, with an offer of US$2.2 billion, Taiwan's Economic Daily News reported Tuesday.

The report said Primus won the bid for Nan Shan Life because it agreed to the insurer's terms, which included keeping Nan Shan's brand and giving staff the money they had contributed to their pension funds.

Primus pledged to run the business for at least seven years, and the two parties will sign the acquisition agreement Friday, Economic Daily News reported.

-By Hong Kong Bureau, Dow Jones Newswires; 852-2832 2340; amy.or@dowjones.com

 
 

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