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ILFC sale to Chinese group has not gone ahead as of 01-Aug-2013

2-Aug-2013 12:23 PM

American International Group Inc (AIG) announced (01-Aug-2013) that it has not closed the sale of International Lease Finance Corporation (ILFC) to New China Trust Co. The Chinese-led consortium seeking to acquire ILFC had until 01-Aug-2013 to complete the purchase of at least 80% of the company, for a purchase price of USD4.2 billion. AIG declared a quarterly dividend of USD2.50 per share and authorised the repurchase of shares of AIG common stock, with an aggregate purchase price of up to USD1.0 billion. The announced actions were approved without assuming a sale of ILFC. [more - original PR]