American International Group, Inc. (AIG) has announced the completion of its acquisitions of strategic minority ownership stakes in Convex Group Limited and Onex Corporation. AIG acquired approximately 35% of Convex for $2.1 billion and a 9.9% stake in Onex for $642 million. These investments are expected to be accretive to AIG’s earnings and return on equity starting in 2026.
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AIG Completes Acquisitions of Strategic Minority Ownership Stakes in Convex Group and Onex Corporation
American International Group, Inc. (AIG) has announced the completion of its acquisitions of strategic minority ownership stakes in Convex Group Limited and Onex Corporation. AIG acquired approximately 35% of Convex for $2.1 billion and a 9.9% stake in Onex for $642 million. These investments are expected to be accretive to AIG’s earnings and return on equity starting in 2026.