china life insurance

AIG has agreed to sell 80.1% of ILFC, its aircraft leasing business, to a group of Chinese investors led by New China Trust.

With days to spare before the end of the year, the Chinese insurer pulls off the second largest IPO in Hong Kong for 2009.

CPIC sets price range at discount to Hong Kong comps and its current A-share price, while Rusal hopes for a listing approval that will allow it to go ahead with its $2 billion IPO tomorrow.