Carlyle, Primus among bidders for AIG Taiwan unit-sources
HONG KONG/TAIPEI, July 3 (Reuters) - Global investors Carlyle [CYL.UL] and Primus are among the bidders for AIG's (AIG.N: Quote, Profile, Research) Taiwan insurance unit, sources said on Friday, as the troubled U.S. insurer aims to get rid of some of its global assets.
Friday is the deadline for interested companies to submit their proposals to purchase Nan Shan Life, AIG's Taiwan unit, in a deal that could be worth more than $2 billion, sources close to the bidders told Reuters.
Chinatrust Financial (2891.TW: Quote, Profile, Research) and Cathay Financial (2882.TW: Quote, Profile, Research) groups in Taiwan, which Taiwan media reported are also interested in buying up Nan Shan, declined to comment.
Representatives for Washington D.C.-based Carlyle and Hong Kong-based Primus Financial Holdings, founded by Robert Morse, a former top Citigroup Inc (C.N: Quote, Profile, Research) executive for Asia, declined to comment. (Reporting by George Chen in Hong Kong and Rachel Lee in Taipei; Writing by Lee Chyen Yee, Editing by Jacqueline Wong)
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage




India
US
UK










