Chinese Investors Eye AIA

Soon after Prudential aborted its plan to acquire American International Group's Asia insurance division AIA Group, at least four chinese consortiums have expressed their plans to buy AIA, says the South China Morning Post.

 

The four consortiums are the Pacific Alliance Group, Hong Kong-based C C Land Holdings, Shanghai-based Fosun Group, and a group of Hong Kong and Taiwanese investors.

 

AIG and US Treasury officials are said to be surpised by the growing number of interested buyers, which all seem to have mainland backing, writes the Post.

 

Large Chinese companies have been actively seeking merger and acquisition targets abroad but the financial crisis and Beijing's warnings prevented them from taking bold steps.
 

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