AHISAAssociation of Heads of Independent Schools of Australia
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Sources at the Comision Intersectarial de Desincorporacion (CID), the agency in charge of privatizations, said MetLife was selected because its US$962 million bid for AHISA was much larger than its two closest competitors, Spain's Mapfre Vida SA and Mexico's Seguros Inbursa, a subsidiary of Grupo Inbursa.
Legislators are also leery of the transaction because of reports that AHISA director Fausto Alzati entered into contracts totaling 25 million pesos (US$2.
CID spokespersons denied any illicit or irregular transactions were made in the weeks preceding the AHISA sale.