AIG Bailout Ends As U.S. Treasury Sells Its Last Stake For About $7.6 Billion

BAILOUT OVER
FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. American International Group Inc. says it will sell up to 90 percent of its airplane leasing unit International Lease Finance Corp. to an investor group led by Weng Xianding, chairman of New China Trust Co. Ltd., for approximately $5.28 billion. (AP Photo/Mark Lennihan, File)
FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. American International Group Inc. says it will sell up to 90 percent of its airplane leasing unit International Lease Finance Corp. to an investor group led by Weng Xianding, chairman of New China Trust Co. Ltd., for approximately $5.28 billion. (AP Photo/Mark Lennihan, File)

Dec 11 (Reuters) - American International Group Inc said the U.S. Treasury will sell its last remaining stake in the company, giving a total profit to taxpayers of $22.7 billion on the bailout.

The Treasury is selling its last 234.2 million shares of AIG common stock for $32.50 per share, raising around $7.6 billion.

The Treasury said it had realized a positive return of $5 billion on the $182 billion bailout while the Federal Reserve had made $17.7 billion.

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