| China Investment Corp (CIC) and AVIC Capital Co Ltd have ended talks to acquire Avolon Holdings Ltd, making it likely that the aircraft leasing company will pursue an initial public offering, according to people familiar with the matter.
CIC, China’s sovereign wealth fund, and AVIC, a Chinese state-owned aerospace and defense company, were in talks to acquire Avolon for between $4 billion and $5 billion, Reuters reported in August. AVIC subsequently confirmed the discussions, cautioning there was uncertainty over the potential deal...............................................Full Article: Source
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