Finance & Stock Market News

AIG set to add Citi as top underwriter for AIA IPO -sources

Fri, 30th Jul 2010 10:28

HONG KONG, July 30 (Reuters) - American International Group Inc is set to name Citigroup as the fourth joint global coordinator for the planned share market float of its Asian life insurance business AIA, sources with knowledge of the matter said on Friday.

Citigroup, which is an adviser to AIG, joins Deutsche Bank, Goldman Sachs and Morgan Stanley as JGCs -- an unusually long list of underwriters for an IPO that is expected to raise about $15 billion.

Citigroup and AIA declined to comment.

(Reporting by Denny Thomas and Kennix Chim; Editing by Ken Wills)

((denny.thomas@reuters.com; +852 28436 358; Reuters Messaging: denny.thomas.reuters.com@reuters.net)) Keywords: AIG/CITIGROUP

(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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