According to media reports, American International Group (AIG) is considering selling some or all of its Brazilian holdings as part of its strategy to repay the recent loan from the Federal Reserve Bank of New York. AIG's Brazilian assets were reportedly also offered as part of AIG's guarantee of the Reserve Bank loan.

Among AIG's Brazilian assets is Unibanco-AIG, AIG's fourth largest insurance unit outside of the United States with total assets of $6.3 billion (and a 1Q '08 profit of approximately $95 million). Among its non-insurance assets in Brazil, AIG reportedly holds a local private equity fund valued at $600 million and has investments in plastics and textiles manufacturer Providencia Industria e Comercio SA, grocery store chain Companhia Brasileira de Distrubicao, engine manufacturer Advento Participacoes, agricultural commodities company Calyx Agro, flower distributor Falcon Farm, beef exporter Frigorifico Mercosul, mining company Vale do Rio Doce, steel maker Gerdau and private bank Bradesco.