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Bloomberg: AIG Likely to Pursue IPO for ILFC as China Deal Stalls

August 01, 2013, 06:50 AM
Filed Under: Industry News

Bloomberg reported American International Group Inc. (AIG) is increasingly likely to pursue an initial public offering for ILFC after a deal to sell the unit stalled, according to industy analysts.

According to the report, a Chinese buyer group had a deadline of July 31, 2013  to complete the $4.2 billion purchase of at least 80% of International Lease Finance Corp., but the insurer has not received the required funds, according to a person with knowledge of the matter.

The same source indicated that discussions are continuing and the deadline may be extended, according to Bloomberg. 

To read the full Bloomberg report, click here.

Previously reported on Equipment Finance Advisor:

AIG Extends ILFC Sale Deadline with Chinese Investor Group

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