AIG Will Sell Its Japan Headquarters for $1 Billion
American International Group (AIG) plans to sell its central headquarters of operations in Japan, for about 1 billion dollars to a Japanese insurance company, according to a source close to the transaction.
The transaction would represent one of the biggest sales of assets runed by AIG, to repay government debts created after the state aid received in the last months from the United States.
The moment of reaching an agreement is not clear, since Japanese markets remain closed until Wednesday for a national holiday, the publication says.
AIG the largest insurer in the world in early 2008 after the market capitalization, was saved from bankruptcy in the last quarter of last year through a state aid of 85 billion dollars, extended, so far to over 170 billion dollars.
The group now runs a campaign for the sale of assets and operations around the world to repay debts to the state.