AIG weighs giving US Maiden Lane stakes - report
NEW YORK, July 14 |
NEW YORK, July 14 (Reuters) - American International Group Inc (AIG.N) has floated a plan to partially pay down its U.S. bailout debt by selling stakes in two entities that were created to take toxic assets off its books, Bloomberg said on Wednesday.
AIG valued its stakes in the entities, Maiden Lane II and Maiden Lane III, at $6.2 billion at the end of March, up $900 million from the end of 2009, according to a U.S. Securities and Exchange Commission filing.
AIG has been in talks with the U.S. Treasury Department about the plan, which is in early stages, Bloomberg reported, citing unnamed sources.
AIG, which is nearly 80 percent owned by the U.S. government after receiving a $182.3 billion aid package, declined to comment. (Reporting by Paritosh Bansal, editing by Gerald E. McCormick)
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