18.05.2016 - Oman fund to invest $50m in BOC Aviation IPO
Oman Investment Fund, a sovereign wealth fund of the Government of Oman, has agreed to buy shares worth $50 million in the initial public offering (IPO) of BOC Aviation, the aircraft leasing unit of Bank of China, said a report. BOC Aviation attracted investors including Boeing and the Chinese sovereign wealth fund (SWF) to buy shares in its $1.1 billion IPO in Hong Kong, added the Times of Oman report. Spurred by strong economic growth in the past decade and rising incomes in the world’s two most-populous countries, China and India, Asia is on course to beat the US as the biggest plane-leasing market, according to Airbus Group and Boeing...............................................Full Article: Source
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