NEW YORK--Jul. 17, 2009--
American International Group, Inc. (AIG) today announced that it has
closed the sale of its consumer finance operations in Mexico, consisting
of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S.
de R.L. de C.V, to Desarrollo de Negocios Integrados, S.A. de
C.V. and Inversiones DNI, S.A. de C.V., companies related to Afirme
Grupo Financiero and Consorcio Villacero.
Terms of the transaction were not disclosed.
“This sale continues the momentum of AIG’s restructuring efforts,” said
Alain Karaoglan, Senior Vice President – Divestiture. “We are pleased
with the progress that we are making with the disposition of our global
consumer finance businesses.”
Launched in 2005, AIG Universal has a network of 50 branches serving
approximately 50,000 clients in twelve states in the central and
northern regions of Mexico, and offers its clients personal loans and
third party insurance.
UBS Investment Bank acted as financial advisor to AIG on this
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.
Source: American International Group, Inc.
Lauren Day, 212-770-3141
Teri Watson, 212-770-7074