TAIPEI, Aug 31 (Reuters) - Taiwan regulators have rejected AIG's planned $2.2 billion sale of its Taiwan unit to battery maker China Strategic and Hong Kong investment fund Primus, saying it did not comply with Taiwan rules on mainland investment.
The Investment Commission, which overseas inbound investments and has final say on the deal, made the ruling after a meeting on Tuesday.
American International Group has not been able to close the deal since October, in part due to concerns the buyers are backed by mainland Chinese money and lack both experience in the insurance business and the ability to raise funds for future operations. (Reporting by Faith Hung and Argin Chang; Editing by Jonathan Hopfner)