AIG rumoured to be selling Phillipine consumer units - report
AIG, the stricken insurer, is reported to be selling its Phillipine savings bank and auto finance company to East West Banking Corp, a unit of domestic group Filinvest Development Corp, reported Dow Jones Newswires.
According to the news service, East West will be paying a 25% premium over the combined book value of the company, which is said to be around $33.8m.
Dow Jones added that AIG was also looking to ditch
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