The U.S. Treasury Looks to Sell $18 Billion Worth of AIG Position Reducing Tax Payer Risk

“The U.S. Treasury is offering to sell $18 billion of American International Group Inc. (AIG) shares in a transaction that is likely to cut taxpayers’ stake in the firm to below 50 percent for the first time since its 2008 bailout.

The insurer plans to buy back as much as $5 billion of the shares and Citigroup Inc., Deutsche Bank AG, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are managing the sale, the Treasury said yesterday in a statement.”

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