Thursday, August 13, 2009

 

Bailed-out insurer AIG's progress on asset sales

American International Group Inc (AIG.N) agreed on Wednesday to sell its Hong Kong consumer finance and India-based IT services units, two more small steps in the insurer's bid to sell assets to raise funds to repay government loans... AIG is pursuing divestitures as part of its plan to pay back U.S. taxpayers, which have a roughly 80 percent stake in AIG, after providing some $180 billion since last September to save the insurer from bankruptcy...

Reuters: Bailed-out insurer AIG's progress on asset sales

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