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AIG’s Benmosche Says Treasury May Sell Rest of Stake in 2012

The U.S. Treasury Department may sell the rest of its holdings in insurer American International Group Inc. before 2013, Chief Executive Officer Robert Benmosche said. Shares fell the most since June.

“We think the Treasury will sell the remaining stake some time this year,” Benmosche said today at an event in Madrid. “Their lockup ends in November and the window opens up.”