American International Group (AIG) chose Bank of America , Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co., to manage the sale of the government’s 92 percent stake in the insurer, a person familiar with the situation said Tuesday.
Sources have said that the process likely will begin with a secondary offering in May that could be one of the 10 largest in history. The government is expected to sell at least $15 billion in AIG shares then, and the company is expected to sell another $3 billion on top of that.
(Reporting by Ben Berkowitz. Editing by Robert MacMillan)
Copyright 2025 Reuters. Click for restrictions.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S 
Did Florida House ‘Sneak’ Attorney Fee Wording Into Phosphate Mine Bill? 
The Good and Bad About Being an Independent Insurance Agent 
Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees 
