Regions International
May 11, 2009
American International Group Inc. agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of approximately one acre of land on which The AIG Otemachi Building in Tokyo is situated. The transaction is expected to close during the second quarter. Merrill Lynch & Co. acted as financial advisor and Simpson Thacher & Bartlett L.L.P. and Anderson Mori & Tomotsune acted as legal counsel to AIG. Blackstone Advisory Services provided financial advice to AIG in connection with AIG’s global restructuring program.
American International Group Inc. agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of approximately one acre of land on which The AIG Otemachi Building in Tokyo is situated. The transaction is expected to close during the second quarter. Merrill Lynch & Co. acted as financial advisor and Simpson Thacher & Bartlett L.L.P. and Anderson Mori & Tomotsune acted as legal counsel to AIG. Blackstone Advisory Services provided financial advice to AIG in connection with AIG’s global restructuring program.
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