AIG (AIG) Gets $600 Million for Rail-Car Leasing Unit

Perella Weinberg Partners LP and American International Group Inc. (NYSE:AIG) said that they have come to an agreement over a price for a rail-car leasing unit owned by AIG to be acquired by Perella for about $600 million.

AIG has been divesting of assets in order to raise capital and focus on selling life insurance in the United States and commercial insurance globally.

David Schiff, a Perella Weinberg partner, said in the statement, “We continue to see long-term value in rail. Rail remains the most efficient mode of transportation and we expect to benefit from the positive industry dynamics going forward.”

AIG closed Monday at $32.61, falling $0.85, or 2.54 percent.