Terms of the transaction were not disclosed. The transaction is subject to the satisfaction of certain conditions, including approval by the Ecuador Superintendency of Finance (Superintendencia de Bancos y Seguros de la Republica del Ecuador) and the Colombia Superintendency of Finance (Superintendencia Financiera de Colombia).
UBS Investment Bank acted as financial advisor and Kramer Levin Naftalis & Frankel served as legal counsel to American International Group (AIG) on this transaction.
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