| China's $653 billion (£388.94 billion) sovereign wealth fund, China Investment Corp (CIC), is in talks to buy Dublin-based aircraft leasing firm Avolon for $4 billion to $5 billion including debt, according to people familiar with the matter.
CIC is teamed up with Aviation Industry Corporation of China (AVIC), a state-owned aerospace and defence company, in its bid for Avolon, which provides aircraft leasing and lease management services to airlines and aircraft investors, one of the people said..........................................Full Article: Source
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