AIG to sell HK consumer finance, India IT units | Alrroya

AIG to sell HK consumer finance, India IT units

Wednesday, 12 August 2009  at  18:27, Reuters, Shanghai
American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia, the country's second-biggest lender will buy 100 percent of AIG Finance (Hong Kong) Ltd for $70 million in cash in a deal that includes repayment of intra-group indebtedness and deposits of about $557 million, the two companies said on Wednesday.








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