Greenberg sells 10mn AIG shares
Maurice "Hank" Greenberg - former CEO of American
International Group (AIG) - has sold the majority of his remaining
shares in the insurance group to UBS.
The deal was transacted through Greenberg's Starr International
investment vehicle, in the form of a variable pre-paid forward-sale
agreement.
Starr International will receive a sum of $278mn upfront from Swiss bank UBS, according to a filing with the US Securities and Exchange Commission (SEC).
A total of 10 million shares will be transferred in...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
