AIG to sell remaining stake in Transatlantic
Troubled American insurance giant AIG is to sell its remaining stake in Transatlantic as part of its sell-off programme that saw the insurer announce the sale of its Asian unit AIA to Prudential this week.
AIG has said that it will sell its remaining 13.8% stake in Transatlantic Holdings, parent company of reinsurer Transatlantic Re.
The sale is worth around $500m according to newswire Reuters.
AIG said
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