Sullivan & Cromwell and Weil Gotshal & Manges have taken key roles on AIG's $15.5bn (£10.4bn) sale of its life insurance unit to rival company MetLife, reports The Am Law Daily. Sullivan advised AIG on the sale of the American Life Insurance Company (Alico), in the latest in a series of sell-offs designed to help the company repay its massive debt to the US Government.
March 09, 2010 at 09:17 AM
1 minute read
The original version of this story was published on Legalweek
Sullivan & Cromwell and Weil Gotshal & Manges have taken key roles on AIG’s $15.5bn (£10.4bn) sale of its life insurance unit to rival company MetLife, reports The Am Law Daily.
Sullivan advised AIG on the sale of the American Life Insurance Company (Alico), in the latest in a series of sell-offs designed to help the company repay its massive debt to the US Government.
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