The Treasury said it received $32.50 a share for its 234.2 million remaining shares, which equated to a 16% ownership stake in the company. The Treasury provided $182 billion to support the insurance company at the height of the 2008 financial crisis. With this final sale, the Treasury said the government has been paid $22.7 billion more than it provided to rescue AIG.
The Treasury conducted six public offerings of AIG stock over the past year and a half. Before it started selling the 1.66 billion AIG shares it held, the Treasury owned 92% of the company's common stock.
This last sale marks another step in the government's efforts to wrap up the bailout of the 2008 financial crisis.
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