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AIG Revives ILFC IPO After Extending China Sale Deadline

June 24, 2013, 07:03 AM
Filed Under: Industry News

Bloomberg reports that AIG has revived plans for an initial public offering of ILFC after the insurer extended a deadline for a group of Chinese investors to buy the business to July 31.
According to the report,  AIG had shelved the IPO plan last year after striking a deal to sell 80% of ILFC to a Chinese investor group for about $4.2 billion.

AIG acquired ILFC in 1990 for $1.16 billion from founder Steven Udvar-Hazy, according to data compiled by Bloomberg.

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