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BIDDING FOR AIG'S JAPAN UNITS LIKELY TO CLOSE THIS MONTH

Posted on: Sun, 22 Feb 2009 22:49:00 EST

Symbols: AIG

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TOKYO, Feb 23, 2009 (AsiaPulse via COMTEX) --
AIG | Quote | Chart | News | PowerRating -- American International Group Inc.
is expected to hold the final round of bidding for two Japanese
life insurance units this month.

The battered U.S. insurance giant is auctioning off AIG
Edison Life Insurance Co. and AIG Star Life Insurance Co.

Gibraltar Life Insurance Co., a Japanese subsidiary of U.S.
firm Prudential Financial Inc., and Canadian insurer Manulife
Financial Corp. are thought to be the only bidders.

The price is seen coming to around 100 billion yen (US$1
billion).

(Nikkei)

For full details on American Internat Group (AIG) AIG. American Internat Group (AIG) has Short Term PowerRatings at TradingMarkets. Details on American Internat Group (AIG) Short Term PowerRatings is available at This Link.

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