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Primus Sees AIG’s Nan Shan Life’s Fair Value At $1.3b

Primus had offered between $1.8 and $2 billion for the Taiwan unit

Primus Financial Holdings has stated that according to its estimates, the fair value of AIG’s Taiwan unit is approximately $1.3 billion – reported CNN Money.

Reportedly, Primus had offered between $1.8 and $2 billion for the Taiwan unit, Nan Shan Life Insurance. Experts opines that the Taiwan-based life insurer should be sold for around $1.3 billion, quoted money.cnn.com.

The other companies interested in Nan Shan bid include: Fubon Financial Holding, that is partnering with US private-equity firm, Carlyle Group L.P., Chinatrust Financial Holding, and Cathay Financial Holding.

Primus is a financial services holding firm in Asia focused on acquiring and building financial services companies, with operations within the Asia-Pacific region.