American International Group, Inc. announced that it has entered into an agreement to sell the assets of AIG Credit Card Company (Taiwan) Limited to Far Eastern International Bank. The transaction, subject to the approval of the Financial Supervisory Commission of the Republic of China, is expected to be completed in the third quarter of 2009. Terms of the transaction were not disclosed ABN AMRO Bank N.V., Hong Kong Branch (a subsidiary undertaking of The Royal Bank of Scotland Group plc), acted as financial advisor and Linklaters LLP and Russin & Vecchi served as legal counsel to American International Group, Inc. on this transaction.
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