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(Reuters) – Bailed-out insurer American International Group Inc will sell its shares in Asian insurer AIA Group Ltd after a lock-up period expires in early September, Chief Executive Bob Benmosche said on Wednesday.

Benmosche said the shares “will be liquidated after Sept. 4,” according to a transcript of AIG‘s annual shareholder meeting on its website. He said the sale would help decrease volatility in AIG‘s earnings.

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