AIG to sell operations in Thailand and the Philippines

AIG to sell operations in Thailand and the Philippines - Reuters, October 6, 2008
American International Group, crippled by losses related to bad mortgages, said Monday that it had received offers for its Philippine insurance businesses and that it would sell its Thai consumer finance operations...
The Thai life insurance unit of AIG, American International Assurance, said that its parent company, based in Hong Kong, was considering the sale of part of its AIA stake, but that AIA would continue to operate in Thailand and retain a majority stake.

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