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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China SWF seeks partner for AIG’s ILFC

Posted on 18 February 2009

From Reuters: China Investment Corp (CIC), a $200 billion sovereign wealth fund, is in talks with local banks to jointly bid for American International Group Inc’s $8 billion aircraft leasing unit, sources with knowledge of the situation said on Tuesday.

In the last couple of months, CIC has approached at least two of China’s biggest lenders — Industrial and Commercial Bank of China and Bank of China - to discuss the possibility of jointly bidding for International Lease Finance Corp (ILFC), the sources said….. Full Article: Source


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