Posted on 30 Aug 2010
A consortium comprising Qatar Investment AuthorityQatar Investment Authority and Japan's Firix Partners Co. is considering launching a bid for American International Group Inc.'s (AIG) Taiwan life unit for US$2.5 billion if Taiwan's regulator rejects the bid from the consortium of China Strategic Holdings Ltd. and Primus Financial Holdings Ltd., Commercial Times reported Monday, citing Wang Shih-rong, a spokesman for the Qatari consortium.
The Qatari consortium had asked unnamed investment bankers to approach AIG to express its intention to bid for Nan Shan Life Insurance Co., the report cited Wang as saying. It doesn't give other details.
AIG, China Strategic and Wang weren't immediately available for comment.