Major Investment in Brazilian Engineering

An American International Group (AIG) subsidiary has made an equity investment in a Brazilian engineering firm, the company said. AIG Investments made a $38.6 million investment in Advento Participacoes S.A., a leading specialty engineering services provider, AIG said in a statement. Advento will use the funding to acquire Serpal Engenharia e Construtora Ltd., a Brazilian construction company, establishing Advento as the only construction and turnkey engineering group in Brazil.