Failure to sell means businesses handed to US government
Troubled US giant AIG may scrap a plan to repay a $60bn US government loan by selling businesses, after failing to find enough promising bidders, Bloomberg reports.
It claims AIG is proposing different ways to reduce the company’s debt to the US government including handing over stakes in some operations directly.
Most likely is the non-US life insurance businesses, which AIG has struggled to sell
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