Treasury says has completed final sale of AIG stock


The U.S. Treasury Department on Friday said it has completed its final sale of common stock in American International Group , reducing its shares in the company to zero four years after a massive government bailout.

Treasury said it received $7.6 billion in proceeds from the sale of its remaining 234 million shares at $32.50 per share. Overall, Treasury and the Federal Reserve received a $22.7 billion positive return on their combined $182.3 billion bailout, the department said.

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(Reporting by Timothy Ahmann; Editing by Chizu Nomiyama)