Morgan Stanley als Koordinator für das zu erwartende AIG IPO.
AIG To Choose Morgan Stanley As Global Coordinator For Its IPO Published:27-May-2009
By Staff Reporter
Investment banks are submitting proposals to American International Group (AIG) to coordinate American International Assurance (AIA's) initial public offering of its Asian life insurance unit in 2010. AIG is seeking to float at least 25% via a Hong Kong listing, and intends to raise somewhere between $5 billion to $10 billion.
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Against this backdrop, Morgan Stanley, which has been advising the US Federal Reserve on the rescue of AIG since September, 2008, has emerged as one of the two favourites to be confirmed as one of the coordinators based on its understanding of AIG's overall restructuring process.
AIA, which operates in 15 markets in the Asia-Pacific region, has approximately $60 billion in assets and is worth $20 billion. AIG is hoping to repay the government's $180 billion loan within three to four years from the cash it gets from the IPO. |