Article: AIG to Sell Its Consumer Finance Operations in Mexico.

NEW YORK -- American International Group, Inc. (AIG) today announced that it has entered into an agreement to sell 100 percent of its shares in its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V. SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to Desarrollo de Negocios Integrados, S.A. de C.V. and Inversiones DNI, S.A. de C.V., companies related to Afirme Grupo Financiero and Consorcio Villacero. The transaction is subject to the satisfaction of certain conditions, including approval by the Mexican Federal Competition Commission.

Terms of the transaction were not disclosed.

Launched in 2005, AIG Universal has a ...

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