AIG (AIG) Sells AIG Private Bank To Abu Dhabi Investment Group

December 1, 2008 7:06 AM EST

American International Group, Inc. (NYSE: AIG) announced an agreement to sell AIG Private Bank Ltd., a wholly-owned subsidiary of AIG, to Aabar Investments PJSC, a global investment company based in Abu Dhabi.

The transaction is subject to satisfaction of certain conditions, including approvals by appropriate regulatory authorities.


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