The Stowe deal fits a pattern of AIG retaining financial ties to divested assets, while leaving some oversight to operators with more specialized management. (PRNewsFoto/AIG)

(Bloomberg) – American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc.

AIG will retain majority ownership of the base area, which includes a 312-room lodge, along with a country club and future development rights, according to statements Tuesday from the companies.

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