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Sovereign Wealth Funds Briefing - Categorized | Investment

AIG bank may sale to Abu Dhabi investors for $254mn

Posted on 03 December 2008

From Uaedailynews.com: AIGhas sold its Swiss-based private bank to an investor group from Abu Dhabi, marking its first significant disposal since it was taken over by the US government in a massive bail-out.

Aabar Investments PJSC, a quoted investment group linked to the Abu Dhabi government, said it paid SFr307m ($254m) for the private bank, and would also assume outstanding loans of up to a maximum of SFr100m….. Full Article: Source


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