Updated Tuesday, July 29, 2014 as of 12:39 AM ET
Portfolio - Insurance
AIG Sells AIA Stake as Benmosche Seeks Funds for Buybacks
by: Zachary Tracer and Bei Hu
Monday, September 10, 2012
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(Bloomberg) -- American International Group Inc., the bailed-out U.S. insurer, is raising as much as $2 billion selling a stake in AIA Group Ltd. as Chief Executive Officer Robert Benmosche accumulates funds to repurchase his company's stock from the Treasury Department.

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