10/14/2009

American International Group succeeded in selling more than $12 billion in assets since the U.S. government provided it with aid in September 2008. The largest spinoffs included Transatlantic Holdings, at $1.1 billion, and Taiwanese insurer Nan Shan Life Insurance Co., in a $2.2 billion deal announced this week. Diverse energy assets also were sold for $1.9 billion. AIG must repay about $180 billion in government aid.

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Bloomberg

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