American International Group, Inc. (AIG) today announced that it has
entered into an agreement to sell the assets of AIG Credit Card Company
(Taiwan) Limited to Far Eastern International Bank. The transaction,
subject to the approval of the Financial Supervisory Commission of the
Republic of China, is expected to be completed in the third quarter of
2009. Terms of the transaction were not disclosed
ABN AMRO Bank N.V., Hong Kong Branch (a subsidiary undertaking of The
Royal Bank of Scotland Group plc), acted as financial advisor and
Linklaters LLP and Russin & Vecchi served as legal counsel to AIG on
this transaction.
American International Group, Inc. (AIG), a world leader in insurance
and financial services, is the leading international insurance
organization with operations in more than 130 countries and
jurisdictions. AIG companies serve commercial, institutional and
individual customers through the most extensive worldwide
property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services,
financial services and asset management around the world. AIG's common
stock is listed on the New York Stock Exchange, as well as the stock
exchanges in Ireland and Tokyo.
American International Group, Inc.
Peter Tulupman (News Media)
212-770-3141
or
Teri
Watson (Investor Community)
212-770-7074
