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AIG selling billion of AIA shares, to repay bail-out

AIA Group

American International Group (AIG) is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.

 

AIG Hanging On To AIA Ownership Ahead Of IPO

American International Group has reportedly scrapped plans to sell a strategic stake in its American International Assurance unit, according to Reuters.

 

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