Debevoise & Plimpton and Linklaters have taken lead roles on AIG's $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer. Debevoise took the lead for for AIG, which sold the shares to institutional investors on 5 March as a way of partially paying back the US Government for a $182bn (£116bn) bailout in 2008, following the onset of the global financial crisis.
March 12, 2012 at 09:41 AM
1 minute read
The original version of this story was published on Legalweek
Debevoise & Plimpton and Linklaters have taken lead roles on AIG’s $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer.
Debevoise took the lead for for insurance giant AIG, which sold the shares to institutional investors on 5 March as a way of partially paying back the US Government for a $182bn (£116bn) bailout in 2008, following the onset of the global financial crisis.
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