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AIG makes a sale

Started by Joelle, December 22, 2008, 02:00:35 PM

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Joelle

AIG makes a sale
      


Finally, AIG has made its first high-profile asset sale.
The insurer, which clawed its way back from bankruptcy with a lot of help from the government, agreed to sell its Hartford Steam Boiler unit to Munich Re for $742 million.
The deal is notable for several reasons. It is first of the many major divestitures that AIG [...]
         

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