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AIG raising money on AIA


AIG raising money on AIA


US Insurer American International Group is to sell shares in its Asian life insurance division AIA.

The money raised will be used to repay some of the over 180 billion dollars in US government loans it has received. AIG has been selling assets in recent months to help pay off the money to Washington. The US government has bailed out AIG four times and has taken an 80 percent stake in the firm.

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