The first piece of the American International Group conglomerate to be sold off, as the company moves to repay its $85 billion government loan, is a share in a small London airport, it was announced yesterday.
Due for acquisition for an undisclosed amount is the AIG-Financial Products' 50 percent interest in London City Airport. The transaction is expected to close sometime this month. The buyer is Stamford, Conn.-based Global Infrastructure Partners of New York and London.
AIG Financial Products Corp., based in Wilton, Conn., and Global Infrastructure originally invested in the airport on Oct. 11, 2006, with each taking a half-interest.
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