About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's
Global private equity firms Kohlberg Kravis Roberts
The report comes a day after industry sources told Reuters that Carlyle
Cathay <2882.TW>, Chinatrust <2891.TW>, Fubon <2881.TW> financial firms and conglomerate Ruentex Group in Taiwan have also handed in their bids, the Economic Daily News quoted the sources as saying.
All companies were not immediately available for comment.
The bids for Nan Shan ranged from $1.7 billion to $2.5 billion, with AIG expected to make a decision on the buyer in August or September, the Economic Daily News and the Commercial Times said.
AIG wants to shed some of its global assets to repay the U.S. government after a bailout totaling about $180 billion.
Earlier this year, it sold its Taiwan securities unit to Hong Kong-listed Bank of East Asia <0023.HK> and agreed to sell its credit card and accounts-receivable business to small Taiwanese lender Far Eastern International Bank <2845.TW>.
If AIG sells Nan Shan, it will not be the first foreign firm to sell insurance units in Taiwan.
Last October, Holland's ING Groep
(Reporting by Lee Chyen Yee; Editing by Valerie Lee)