Monday, May 4, 2009

AIG Is Close To Selling Its Japanese Headquarters

. Monday, May 4, 2009

By stockOzone team

According to the Wall Street Journal, American International Group Inc is close to selling its Japanese headquarters for about $1 billion and the expected buyer is a Japanese insurance company.

With Japanese markets closed for the Golden Week holidays until Wednesday, the exact timing of a deal was unclear, the paper said.

The sale of the headquarters would be one of the largest divestitures AIG has made to pay off its U.S. government debt, the paper said.

A sale of the AIG's airplane leasing business, International Lease Finance Corp., may also be close, the paper said, citing people familiar with the matter.

AIG's U.S. office did not confirm the news yet.

Disclosure: Author does not own any of the stocks discussed here.

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