The attempted $2.2bn purchase of AIG’s Taiwan insurance unit by a Hong Kong consortium is facing intense scrutiny amid lingering concerns among regulators that the buyers are backed by Chinese funds, the FT reported. Last October, AIG agreed to sell Nan Shan, one of the island’s top insurers, to a consortium led by Primus Financial, a financial services fund, but approval for the deal has been bogged down by a tough regulatory probe.

This entry was posted by Stacy-Marie Ishmael on Thursday, March 11th, 2010 at 20:16 and is featured in The Closer (11 Mar 2010) . Tagged with aig, Nan Shan, Primus Financial, Regulation. Edit this entry.