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Report: AIG looking to raise up to $800M in United Guaranty IPO

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Report: AIG looking to raise up to $800M in United Guaranty IPO

AmericanInternational Group Inc. is looking to raise $700 million to $800million through the sale of its 19.9% stake in in an , Bloomberg News reported,citing "people familiar with the matter."

United Guaranty is seeking a valuation of approximately $4billion, the news outlet reported May 5.

AIG has also launched a parallel sale process for United Guaranty,seeking suitors that would take out the whole company, The Insurance Insider reported in April.