Monday, September 29, 2008

AIG's Shareholding in LCA "On The Block" ?

The Financial Times continues to cover the story of the majority shareholder of London City Airport, AIG, the "stricken US insurer" which looks set to turn a few things upside down at LCA:

"AIG’s 59 per cent stake in Transatlantic Holdings, a listed reinsurer, is also believed to be on the block, as are its huge property portfolio and private equity investments including one in London’s City Airport".

No need to make predictions on this one.