AIG (AIG) finally sold its Taiwan unit Nan Shan Life today after more than a year of trying. The...

|By:, SA News Editor

AIG (AIG) finally sold its Taiwan unit Nan Shan Life today after more than a year of trying. The Ruentex Group, a major operator in the hypermarket business in China and Taiwan, will pay $2.16B for Nan Shan Life. AIG will use the proceeds to help repay its U.S. government bailout.