American International Group Inc. is selling part of its stake in AIA Group Ltd. to raise $6 billion as it continues to repay the government bailout that prevented the company’s collapse during the 2008 financial crisis.
AIG has been steadily paying back its debt and according to a government watchdog, owed U.S. taxpayers $50 billion as of Dec. 31.
(READ the AP story at STLouisToday.com)