“The U.S. Treasury Department said on Friday it has completed its final sale of common stock in American International Group, reducing its shares in the insurer to zero four years after a massive government bailout.
Treasury said it received $7.6 billion in proceeds from the sale of its remaining 234 million shares at $32.50 per share. Overall, Treasury and the Federal Reserve received a $22.7 billion positive return on their combined $182.3 billion bailout, the department said.“Today officially begins a new chapter at AIG,” Chief Executive Robert Benmosche said in a statement.” end of quote
This 4-year rebound is an impressive achievement and has prompted Chartis to re-adopt their iconic corporate identity of AIG. For us – as international loss adjusters – this is a welcome confirmation of financial stability and further increases our confidence in the development of our already excellent relationship on the Romanian market.