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AIG Completes Sale of AIG Private Bank in Abu Dhabi

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Posted on 16 Apr 2009

American International Group Inc. (AIG) said it completed the sale of AIG Private Bank Ltd. to Aabar Investments PJSC, based in Abu Dhabi.

Aabar paid AIG about $253 million for the entire share capital of AIG Private Bank, and purchased and assumed about $55 million of intra-company loans outstanding to AIG Private Bank. The information was released in a Business Wire statement.


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