U.S. Treasury exits AIG with bailout profit of $22.7 billion
Posted : Tuesday, 11 December 2012 07:31AM
(Reuters) - American International Group Inc <AIG.N> said the U.S. Treasury will sell its last remaining stake in the company, giving a total profit to taxpayers of $22.7 billion on the bailout.
The Treasury is selling its last 234.2 million shares of AIG common stock for $32.50 per share, raising around $7.6 billion.
The Treasury said it had realized a positive return of $5 billion on the $182 billion bailout while the Federal Reserve had made $17.7 billion.
(Reporting by Anil D'Silva; Editing by Rodney Joyce)
(c) Copyright Thomson Reuters 2012. Check for restrictions at: http://about.reuters.com/fulllegal.asp
