AIG Mulls Selling 15-Plus Businesses
Insurer
(AIG) - Get Report
is considering selling more than 15 businesses to repay a loan of $85 billion from the government, the
Financial Times
reports.
AIG is considering selling its aircraft leasing unit, a stake in its large U.S. reinsurer and billions of dollars in properties, according to the
Financial Times
. AIG's board met Sunday evening to discuss the plan.
Cramer on AIG Rescue |
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AIG
wants businesses such as its international
life insurance
unit and its U.S. pension businesses to be at the core of the "new AIG," the
Financial Times
reports, citing people close to the situation.
AIG must move quickly because it has to repay the government loan to prevent the U.S. government from taking control of the company.
This article was written by a staff member of TheStreet.com.
