Sovereign-wealth funds from Singapore and Kuwait have shown interest in the stock offering by AIG and the U.S. Treasury, The Wall Street Journal reports. Government of Singapore Investment Corporation (GIC) and Kuwait Investment Authority (KIA) are likely to participate in the offering.
The 300 million share issue will reduce the Treasury’s stake in AIG from 92.1% to around 80%. The U.S. government is seeking to sell down the entire stake at a profit over the next year or more Full story
