AIG says still in talks with Chinese group on ILFC deal
(Reuters) - U.S. insurer American International Group Inc (AIG.N) said it was still in talks with a Chinese consortium regarding the sale of its ILFC aircraft leasing unit for about $4.8 billion.
AIG Chief Executive Bob Benmosche said on a post-earnings conference call that the company was also open to an initial public offering of the unit if a deal does not go through.
Reuters reported on Thursday that AIG was still in talks with the consortium, citing sources.
AIG shares were up more than 4 percent at $49.12 in premarket trading on Friday.
(Reporting by Tanya Agrawal in Bangalore; Editing by Joyjeet Das)
- Man called Bitcoin's father denies ties, leads LA car chase
- Apple loses bid for U.S. ban on Samsung smartphone sales
- Florida mayor fights backyard gun ranges in 'Gunshine State'
- Putin rebuffs Obama as Ukraine crisis escalates |
- UPDATE 6-Obama warns on Crimea, orders sanctions over Russian moves in Ukraine