China’s AVIC confirms talks to buy PE-backed Avolon
AVIC Capital, a subsidiary of aircraft manufacturer Aviation Industry Corporation of China, has confirmed it is in talks to buy Avolon, an aircraft leasing company owned by Oak Hill Capital, CVC Capital Partners and Cinven.
AVIC was responding to media reports that it had teamed up with China Investment Corporation (CIC), the country's sovereign wealth fund, to buy the asset in a deal worth EUR12 billion ($9.6 billion). It...
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