AIG completes $3.8 billion sale of Corebridge stake to Nippon Life

AIG has finalized the sale of 21.6% of Corebridge Financial to Nippon Life Insurance for $3.8 billion, equivalent to $31.47 per share.

This transaction, involving approximately 120 million shares, strengthens Nippon Life’s stake in the financial services firm, with AIG receiving advisory support from J.P. Morgan and legal counsel from Wachtell, Lipton, Rosen & Katz.