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U.S. Treasury begins sale of $ 18 billion AIG stake
10 September 2012, Monday
The U.S. Treasury will begin selling the most of its owned by a package of ordinary shares of American International Group Inc. and intends to gain $ 18 billion out of this sale, according to the Ministry of Finance press release.
AIG itself showed its will to buy shares in the amount of $ 5 billion
Previous sales of the government shares have already reduced its stake in AIG from 92% to 53%, and now the package can be reduced to less than 20% (this will depend on the purchase price), The Wall Street Journal calculations show. AIG shares this year have already increased in price by 47%.
AIG itself showed its will to buy shares in the amount of $ 5 billion
Previous sales of the government shares have already reduced its stake in AIG from 92% to 53%, and now the package can be reduced to less than 20% (this will depend on the purchase price), The Wall Street Journal calculations show. AIG shares this year have already increased in price by 47%.
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