Business Round-Up
Avolon launches IPO after China deal collapses
December 1st 2014
Aircraft lessor, Avolon, had a busy few days in the first week of December. After months of negotiations, it was informed by China’s aviation conglomerate, AVIC, that the Mainland company would drop its bid to buy the Dublin-based lessor. Read More » AVIC confirmed to Reuters news agency the deal had fallen through after Avolon’s board turned down its offer. Avolon had filed for the listing, for 13.6 million existing shares, in June and was then approached by AVIC. Avolon said the sale could bring in up to US$1.86 billion for the sellers, including the Singapore Government and CVC Capital Partners.
