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Tuesday, January 11, 2011

AIG set to announce sale of Taiwan unit -reports, (NYSE: AIG)

American International Group Inc (AIG.N) could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers. The reports could not immediately be confirmed. One source with knowledge of the issue said it was not yet certain whether there would be a media briefing later in the day.