Debevoise Advises AIG in Sale of Its Asian Life
Insurance Unit (AIA) to Prudential PLC for $35.5
March 01, 2010 09:47 AM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Debevoise & Plimpton LLP is advising American International
Group, Inc. (NYSE:AIG) in its agreement to sell American International Assurance (AIA), one of the world’s largest
pan-Asian life insurance companies, to Prudential PLC (Prudential) for approximately $35.5 billion, including
approximately $25 billion in cash and approximately $10.5 billion in face value in equity securities of Prudential.
AIG, a world leader in insurance and financial services, is the leading international insurance organization with
operations in more than 130 countries and jurisdictions. AIA is a leading pan-Asian life insurance organization that
traces its roots in the Asia Pacific region back more than 90 years. Debevoise & Plimpton LLP is a leading
international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong
The Debevoise team is led by partner John M. Vasily and includes partners Andrew L. Bab and Jeremy Hill.
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