AIG Completes Sale of Stake in Life & Retirement Unit to Blackstone
American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & Retirement’s existing investment portfolio has closed. In announcing the deal in July, AIG and Blackstone …
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