AIG CEO says asset divestitures may be delayed

Thu Dec 11, 2008 12:29am EST
 
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HONG KONG, Dec 11 (Reuters) - U.S. insurer AIG (AIG.N), which is looking to shed assets around the globe to repay a $152 billion U.S. government rescue package, said difficult markets may force it to delay its divestiture plans.

"These are challenging times to undertake divestitures," Chief Executive Edward Liddy said during a presentation to the American Chamber of Commerce in Hong Kong on Thursday.

He said the pace of asset sales may change, and that announcements on sales may take a couple of months or longer.

(Reporting by Michael Flaherty; Editing by Jonathan Hopfner)

 

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