AIG to sell stake in life and retirement unit to Blackstone for $2.2bn
American International Group (AIG) has agreed to divest a stake of 9.9% in its life and retirement business to Blackstone for $2.2 billion in an all-cash deal. As part of the deal, the US insurance giant also agreed to forge a long-term asset management relationship with Blackstone to manage an initial $50 billion of the […]