Market Overview

AIG to Sell up to 90% of International Lease Finance Corporation


American International Group. (NYSE: AIG) and an investor group led
by Mr. Weng Xianding, the Chairman of New China Trust Co. Ltd.,
announced today that they have entered into an agreement under which AIG
will sell up to a 90% stake in International Lease Finance Corporation
(ILFC), a non-core asset, to the investor group in a transaction that
values ILFC at approximately US$5.28 billion.

The investor group comprised of New China Trust Co. Ltd., China Aviation
Industrial Fund and P3 Investments Ltd. has agreed to acquire 80.1% of
ILFC for approximately US$4.23 billion, with an option to acquire an
additional 9.9% stake. Upon receipt of required Chinese regulatory
approvals and exercise of the option, the investor group is expected to

See full press release

Posted-In: News Guidance Asset Sales Management


Related Articles (AIG)

View Comments and Join the Discussion!