AIG's fading hope of AIA sale pinned on 3 parties

Reuters, 25 Feb 2009, Michael Flaherty

HONG KONG (Reuters) - Three potential bidders remain for the sale of a large stake in American International Group's AIA Asian life insurance unit, people close to the matter said, as the auction process heads into its final week.

UK insurer Prudential Plc, Canadian insurer Manulife and Singapore sovereign wealth fund, Temasek Holdings are still considering offers for the roughly $20 billion unit, the sources said, although no formal bids have been submitted.

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