Singapore's Temasek Holdings and Hong Kong tycoon Richard Li's Pacific Century Group may join an investor group in talks to buy American International Group's asset management unit, a source familiar with the matter said on Tuesday.
Franklin Resources and Crestview Partners are in exclusive talks for the business, and the two Asian investors are considering taking part in that consortium, the source said.
The asset management business, which rests with AIG Investments, had drawn interest from both private equity and strategic buyers, sources have said previously. Initial bids for the unit had come in around $500 million.
AIG also agreed to sell two New York buildings, including its downtown Manhattan headquarters, another source familiar with the matter said.
