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Empresas y finanzas

AIG to decide on AIA stake sale by next week: sources


    HONG KONG (Reuters) - American International Group Inc is expected to decide by early next week whether to enter formal negotiations with strategic investors for its Asian life insurance business, AIA, sources familiar with the process told Reuters on Wednesday.

    That AIG has set a deadline for the strategic bidder process shows that the company may go ahead with plans to list AIA on the Hong Kong stock exchange in the fourth quarter of 2010, a deal that could raise around $15 billion, without an outside investor taking a stake beforehand.

    "The IPO train is moving quite quickly. That means there is limited ability to stop for a strategic investor to come on board and do due diligence and negotiate price," one source familiar with the process said.

    AIG spokespeople were not available for immediate comment.

    The sources declined to be identified as the discussions were private.

    (Reporting by Denny Thomas; Editing by Jonathan Hopfner)