NEW YORK (Reuters) - Insurer American International Group
While a consortium of buyers is making progress on the purchase, AIG chief Robert Benmosche said on a post-earnings conference call, the company is considering whether it can close the transaction this quarter or should instead commit to an IPO path.
"So that is a decision we hope to make in this fourth quarter," he said.
AIG said in December 2012 that it had reached an agreement to sell a stake of up to 90 percent of California-based ILFC to a consortium of investors, based mainly in China, for $4.7 billion.
But the Chinese consortium has missed earlier deadlines in the sale process, which is still ongoing.(Reporting by Luciana Lopez and Dan Wilchins)