Avic subsidiary Avic Capital says it is in talks to buy Irish aircraft lessor Avolon but stresses that no deal is certain. In a stock-exchange statement, Avic Capital denies a newspaper report that the deal will be valued at 12 billion euros ($16 billion). Reuters reported last week that Avic Capital and state-run firm China Investment Corp. were negotiating to buy Avolon for $4-5 billion, including the value of debt that they would assume in the acquisition. Avolon, which owns more than 190 ...
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