Aabar Investments snaps up private bank in AIG fire sale

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Monday 01, December 2008 by

Aabar Investments snaps up private bank in AIG fire sale

Aabar Investment said it has bought AIG Private Bank from its parent company American International Group (AIG) for $254 million). The deal is subject to a post-closing-price adjustment based on the net asset value and assets under management of the bank at closing.

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