AVIC Capital withdraws from Avolon takeover

Dino D'Amore
By Dino D'Amore December 2, 2014 22:26

AVIC Capital withdraws from Avolon takeover

Since Avolon rejected an offer from Beijing-based AVIC Capital, the subsidiary of state-owned aircraft manufacturer Aviation Industry Corporation of China has cancelled its takeover bid for the lessor. The offer is reported to have been US$16.1 billion).
Avolon announced its IPO yesterday.

Dino D'Amore
By Dino D'Amore December 2, 2014 22:26