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Export-Import Bank takes half stake in Avic Leasing

Updated: 2013-04-25 18:59
( chinadaily.com.cn)

The Export-Import Bank of China has bought a 50 percent stake in Avic Leasing Co Ltd from Avic Capital Co Ltd.

A report released on Thursday by Avic Capital, said that its parent Aviation Industry Corporation of China had agreed an all-share deal with Export-Import Bank.

Aviation Industry, which operates aviation and ship leasing businesses, will continue to manage Avic Leasing, which has registered capital of 2 billion yuan.

Avic Capital owns 54.8 percent of Avic Leasing.

The deal is still to be approved by regulators, but is expected to complete this year.

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