US Treasury to slash stake in AIG
American International Group's shares fell more than 2 per cent in early New York trading yesterday, a day after the US Treasury Department said it would sell US$18 billion of AIG stock. The sale will lower the government's stake in the bailed-out insurer to about 20 per cent from 53 per cent now. Many investors had expected the shares to be sold over a longer period. Reuters
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via Business feed http://www.scmp.com/business/china-business/article/1033730/briefs-september-11-2012
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