AIG to sell 20% of Corebridge to Nippon Life for $3.8 billion
Insurance giant American International Group has struck a deal to sell a 20% stake in its majority-owned life and retirement arm Corebridge Financial to Japan's Nippon Life Insurance for $3.8 billion. AIG said on Thursday that it had agreed to sell about 120 million Corebridge shares to Nippon Life for $31.47 each, a premium of 4.3% over Corebridge's closing…
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