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Article: Sales of AIG units in past 3 months add up to $2 billion.(News)(American International Group Inc.)(Brief article)
- Article from:
- Business Insurance
- Article date:
- March 2, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Judy Greenwald
American International Group Inc. has announced sales of nine units since late last year. Proceeds from the sales total $2 billion to $2.5 billion, depending on whether factors such as assumption of debt are considered, an AIG spokesman said. That is a fraction of the amount AIG must repay the federal government.
Deals, presented by date of the announcement, include:
November 2008: Sao Paulo-based Uniao de Bancos Brasileiros S.A. acquired the shares held by AIG in Unibanco AIG Seguros S.A. for $820 million. As part of the deal, AIG acquired the shares held by AIG Brasil Companhia de Seguros S.A. for $15 million.
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