Europe

CIC in talks to buy Avolon

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CIC in talks to buy Avolon

China's $653bn sovereign wealth fund, China Investment Corp (CIC), is in talks to buy Dublin-based aircraft lessors Avolon for between $4bn and $5bn including debt.CIC has joined forces with state-owned manufacturer Aviation Industry Corporation of China (AVIC) in its bid for Avolon in a deal potent...

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