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Bloomberg: AIG’s Plan to Sell ILFC Back on Track

June 06, 2013, 07:00 AM
Filed Under: Industry News

Bloomberg reported that AIG said in a regulatory filing Wednesday that it had received a deposit related to the sale of International Lease Finance Corp (ILFC). The deposit was to be for 10% of the total price. The filing does not provide details, and a company spokesman declined to comment, according to the report.

In December, AIG announced it would sell up to 90% of ILFC to a group of Chinese investors that included New China Trust Co. Ltd., China Aviation Industrial Fund and P3 Investments Ltd. At that time, the Chinese investors agreed to pay $4.2 billion for 80.1%of ILFC, and $4.8 billion if they decide to buy 90%, according to the report.

As previously reported by Bloomberg on Friday, AIG said that it had not received the 10% deposit thus raising the possibility of the deal's derailment.

To read the full Bloomberg report, click here.

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