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 It looks like American International Group Inc. may soon be making some asset sales as reports surface that the troubled insurer is finally having some luck striking deals.
Bloomberg is reporting that AIG may sell its plane-leasing unit International Lease Finance Corp.
for $10 billion to a group of investors including
Steven Udvar-Hazy, while China Life Insurance is showing interest in the insurer's Asian assets, according to DealBook.
Bloomberg also reports that AIG is dropping the "AIG" from the name of its U.S. auto insurance unit, formally known as 21st Century Insurance, to try to improve the odds of finding a buyer for the company. The auto unit,which AIG acquired last year, could fetch about $2 billion, according to the report. Meanwhile, China Investment Corp. denied a story that it might lead a consortium that would acquire up to 49% of American Life Insurance Co. from AIG, paying between $5 billion and $11 billion. The rumor of the sovereign wealth fund's interest in Alico appeared in Japan's Nipon Keizai Shimbun newspaper on Thursday. The report also said Nippon Life Insurance Co. and Tokio Marine Holdings Inc. have expressed interest in Alico. Also on the block is AIG Global, a portfolio of 16,784 apartments in 86 properties in five states, including New Jersey, which is up for sale after the insurer purchased it last year for just under $1.9 billion. - Maria Woehr
No bonus for AIG execs as bidders for assets line up AIG asset sales may happen before end of yearCategoriesComments
From: tinni ahmed,
aig needs to sale alico bangladesh as early as possible.because the employee of the company gets high salary and benifits without working.specially high and mid level executive .they needs to fire as early as possible .
Posted on:
February 13, 2009 11:07 PM
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AIG should sell back 21st Centuries stock to them and let 21st run the highly successful company that they were before AIG entered into the scene.
Work out the specifics, but get the 21st Century back into play and sit back and watch success at work !! And, the sooner the better.