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American International Group (AIG) has announced the creation of a cooperative joint venture with the Interros Holding Company (Interros) of <

  • xml:namespace prefix = st1 />Moscow. The joint venture permits AIG companies and Interros to bring together their individual strengths to develop investment opportunities that AIG believes are available in Russia.

    The AIG-Interros joint venture will generate new investment opportunities in dynamic, high-growth sectors of the Russian economy and seek to deploy significant amounts of capital.

    “AIG companies have been operating in Russia for several years and we believe that in the present environment we have the opportunity to expand our business in the region,” says MR Greenberg, AIG chairman and chief executive officer. “We are pleased to work with Interros in this joint venture and look forward to the new investment opportunities the joint venture will create.”