AIG completed sale of AIG Private Bank Ltd. to Aabar Investments

American International Group, Inc. (AIG) successfully completed the sale of AIG Private Bank Ltd., a wholly-owned subsidiary of AIG, to Aabar Investments PJSC, a global investment company based in Abu Dhabi. Under the terms of the agreement, Aabar paid AIG total consideration of approximately CHF 358 million, subject to certain adjustments.

The Lenz & Staehelin team advising AIG on this transaction was led by Rudolf Tschäni and Matthias Wolf and comprised Kuno Sutter, Harald Bärtschi, Maja Baumann, Marcel Tranchet, Margot Van't dack, and Oliver Hablützel. Marcel Meinhard provided antitrust advice.