AIG, repayment of an additional 2.5 billion USD to the Treasury

AIG, which obtained a State loan to avoid bankruptcy in 2008, has refunded the Treasury an additional 2.5 billion USD. These sums come from the sale of its Taiwanese subsidiary Nan Shan Life. This cession allowed AIG to buy out an equivalent share in the Treasury-owned subsidiary AIA Aurora where the State still holds about 9.3 billion USD. AIG is still required to refund the American Treasury the amounts of 18.8 billion USD.

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits