Groups prepare to cherry-pick AIG assets

10/2/2008 | Financial Times (free content)

Potential buyers are getting ready to bid on the most coveted assets of AIG, the failed U.S. insurance company that was effectively taken over by the government. Sovereign-wealth funds, U.S. and European insurers, and private-equity groups are among the most likely bidders. Bankers familiar with the asset sale said AIG's large Asian operations, selected parts of its U.S. insurance business and a larger aircraft-leasing unit are drawing the most interest.

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