- Category
- Announcements
- Date
- July 01, 2009
- Title
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Kramer Levin Client AIG Agrees to Sell Consumer Finance Operations in Colombia
Kramer Levin client American International Group, Inc. (AIG) announced on July 1 that it has entered into an agreement to sell 100 percent of its ownership interests in Inversora Pichincha S.A. and Interdinco S.A., comprising AIG's consumer finance operations in Colombia, to Banco Pichincha C.A. of Ecuador and other parties. Terms of the transaction were not disclosed.
Inversora Pichincha S.A. is a leading provider of consumer finance products in Colombia, with 19 branches and 140,000 customers in Colombia, and distribution agreements with more than 100 auto dealerships, 274 state entities and 1,500 companies.
The Kramer Levin team was led by Howard T. Spilko and Andrew Ward. The other members of the team were Joshua Little (Corporate), Kevin M. Moss and Michael Maoz (IP), Barry Herzog and Blake Rigel (Tax) and Avram J. Cahn (Employee Benefits).
Related People
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Howard T. Spilko
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- Partner
- Co-Managing Partner
- New York
- vcard
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Andrew I. Ward
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- Special Counsel
- New York
- vcard
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Kevin M. Moss
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- Counsel
- New York
- vcard
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Barry Herzog
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- Partner
- Chair, Tax
- New York
- vcard
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Avram J. Cahn
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- Special Counsel
- New York
- vcard
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