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Article: AIG Completes Sale of Its Consumer Finance Operations in Mexico.
- Article from:
- Insurance Business Weekly
- Article date:
- August 9, 2009
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American International Group, Inc. (AIG) announced that it has closed the sale of 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.
Terms of the transaction were not disclosed. "This sale continues the momentum of AIG's restructuring efforts," said Alain Karaoglan, Senior Vice President - Divestiture. "We are pleased with the progress that we are making with the disposition of our global consumer finance businesses."
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