AIG to sell Asia real estate business to Invesco: Source

American International Group Inc is predictable to sell its Asian real estate commerce to INVESCO Ltd later this month, a foundation said on Tuesday.

The foundation said AIG's gross property possessions were currently worth approximately USD 5 billion, although the definite cost of the deal was predictable to be in the tens of millions.

"The gross plus value could change in the end, depending on valuations," the foundation, who decline to be notorious as he was not authorised to speak to the media.

The contract would allow US-based Invesco to take over AIG's real estate assets and belongings funds, as well as its staff in Asia, as well as Japan, the source said.

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