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Friday Papers: AIG to sell two Japanese units to US group - tips, comment and bids
The US insurer will offload the life assurance subsidiaries to Prudential Financial for $4.8 billion.
Markets
Financial Times
* American International Group has agreed to sell two Japanese life assurance subsidiaries to Prudential Financial, the US insurance group, for $4.8 billion.
* Private equity dealmaking will soon roar back to the feverish levels seen at the height of the credit bubble from 2005 to 2007, according to the chief executive of 3i.
Comment
The Lex Column
* AIG: the feel-good factor is missing - The ostensibly successful rescue was far too contentious for politicians to gloat.
* Rolls-Royce - The chief executive is to retire as the engine maker faces headwinds.
* Irish banks - The Celtic Tiger leaves behind a bill that could reach €50 billion.
* 3i - Europe’s largest listed private equity group is still searching for direction.
* Hong Kong property - One of the most super-heated property markets in the world.
* Ericsson - Network equipment maker struggles as customers can’t afford new kit.
Lombard
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