Vladimír Urbánek (Kurzy.cz)
World markets  |  December 09, 2010 10:59:42

AIG, the government returned 21 mld.USD


U.S. insurers AIG, which is one of the largest entities that use a helping hand in a vast bailout of the U.S. government and the Fed announced that it has reached an agreement with the administration to pay its liabilities amounting to about 21 mld.USD from the grant aid. This procedure will allow negotiations on the sale of two foreign insurance divisions.

The U.S. Treasury invested in the assistance to AIG about 49 mld.USD. According to the latest plan intends to mid-March next year to convert 92% of preferred stock which, under its assistance received, into ordinary shares (1,660,000,000 shares), and then offer it for sale to the private sector.

Total aid for AIG was estimated at about 182.3 mld.USD
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AIG vrátí vládě 21 mld.USD

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