The US Department of Treasury is moving ahead with its plan to sell $20 billion worth of AIG shares in May, Financial Times reports. AIG Shares have declined by over 25% in the past three months to close on April 20 at $32.35, eroding the paper profit on the Treasury’s 92% stake in the insurer, from $24 billion in January to $6 billion. Bankers will hold talks with Middle East sovereign wealth funds before holding similar talks with U.S. investors to pitch the sale.The government is considering two stake sales this year but is expected to retain some stock into 2012.

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