American International Group (AIG) has agreed to sell 80.1% of International Lease Finance Corp. (ILFC) to a consortium of Chinese investors for $4.23 billion in cash.
American International Group (AIG) has entered into “a definitive agreement” to sell 80.1% of International Lease Finance Corp. (ILFC) to a consortium of Chinese investors for $4.23 billion in cash. Under the agreement, detailed in a US Securities and Exchange Commission filing, the consortium led by New China Trust Co. chairman Weng Xianding will also have an option to buy another 9.9% for $522.5 million. The total deal, subject to approval of regulatory authorities in both ...
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