AIG considers selling 15-plus businesses to secure future

09/29/2008 | Financial Times (free content)

Led by new CEO Edward Liddy, AIG is looking into selling more than 15 businesses, billions of dollars in properties and a stake in a reinsurer. The company wants its international life insurance division and its pension businesses in the U.S. to be the foundation of the "new AIG," sources said. The moves are an effort to pay the government back for its $85 billion loan and secure the company's future as an independent firm.

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