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February 13, 2009: AIG Sells Interests in Commodities Contracts

2009-02-13

Recently bailed-out insurer AIG says that it has sold interests in two contracts tied to natural gas and oil for $60.5 million. This brings the total amount raised through a program of sales to repay the bailout money to the government (see September 18, 2008) to $2.4 billion. AIG shares close at 85 cents. [Bloomberg, 3/5/2009]