AIG double cutting commissions for arranging their IPO-it

AIG, which currently deals with the impact of their units sell and wants to organize the IPO in order to obtain fresh capital, which can be for repaying state aid.
Executive Director of troubled U.S. insurance giant American International Group Inc. (AIG) – Robert Benmoshe said it plans to halve commissions to investment companies, which will organize parvochnoto public offering of shares of the new company, wrote Bloomberg.
AIG, which currently deals with the impact of their units sell and wants to organize the IPO in order to obtain fresh capital with which to repaying the state for help, gets advice from several leading companies such as Morgan Stanley, Blackstone Group LP, Goldman Sachs Group Inc. and JPMorgan Chase & Co.
According to Benmoshe, his company has enough internal reserves for the necessary action in the market and such large amounts as consultants are not currently required to AIG „. It is therefore possible commissions to be reduced to that of the traditional business 2-2,5% to 1%.

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Finance