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Archive Home > 2010 > March > 09 > AIG sells unit in effort to pay down its debt

AIG sells unit in effort to pay down its debt


March 9, 2010

American International Group announced Monday the sale of one of its major global insurance units to MetLife for $15.5 billion, the latest step in the insurance giant’s quest to pay down its massive debt to U.S. taxpayers.

Under the complex agreement, MetLife will pay $6.8 billion in cash and....

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