AMERICAN INTERNATIONAL <AIG> SELLS AFRICAN UNIT
American International Group Inc said
it sold its South African subsidiary, American International
Insurance Co Ltd, to Johannesburg Insurance Holdings Ltd, a
holding company owned by a consortium of shareholders led by
Rand Merchant Bank.
    Terms were not disclosed and company officials were
unavailable for comment.
    With the conclusion of the sale, American International has
entirely divested itself of its holdings in South Africa.
 Reuter
