☰

Empresas y finanzas

U.S. has earned $12.4 billion from investment in AIG: Treasury


    WASHINGTON (Reuters) - The U.S. Treasury said on Monday it expects to raise $18 billion from its sale of American International Group shares, representing a profit of $12.4 billion to date on the Treasury and Federal Reserve's investment in the insurer.

    The Treasury priced the offering at $32.50 a share, above the $28.72 needed for the government to break even on its investment in the company.

    This is the fourth and largest tranche the Treasury has sold above the break-even price. After the sale closes, the Treasury and the Federal Reserve will recover a total of $194.7 billion from the combined investment of $182.3 billion.

    (Reporting By Rachelle Younglai; editing by Christopher Wilson)