AIG Readies Asset Sale: Report - TheStreet

AIG Readies Asset Sale: Report

The insurer is compiling a list of assets for sale to help it repay the emergency bailout loan, according to a report.
Author:
Publish date:

American International Group

(AIG) - Get Report

should have a list of assets it wants to sell by next week as the insurer prepares to split itself up to repay an $85 billion emergency bailout loan from the

Federal Reserve

, according to a media report.

Edward Liddy, appointed AIG's CEO last week, said the company hopes within the next week or so to compile a list and "maybe even execute some of those transactions by then."

In an interview on

CNBC

, Liddy said he hoped AIG would be able to pay back the Federal Reserve loan "as quickly as possible,"

Reuters

reports. If the loan isn't repaid, the U.S. government has the right to take a stake of almost 80% in the company.

AIG's aircraft leasing unit and its U.S. life insurance and annuity arm could be at the top of the list, analysts said,

Reuters

reports.

This article was written by a staff member of TheStreet.com.