Summary Box: AIG’s $15.5B Alico sale to MetLife (AP)
Posted on March 8th, 2010 by admin
AP - THE SALE: American International Group Inc. sold its American Life Insurance Co. division, or Alico, to MetLife Inc. for $15.5 billion. The deal is AIG's second big asset sale in two weeks. On March 1, it said it would sell its AIA Group unit to Prudential PLC for $35.5 billion.
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