Bloomberg reported, citing people with knowledge of the matter, HNA Group, the Chinese conglomerate previously on an acquisition spree, is in advanced talks to sell a minority stake in jet lessor Avolon Holdings to Japan’s Orix.
According to the people, Bloomberg reported Orix is seeking a stake of about 30%, which would translate into an investment of about $2.2 billion.
Bloomberg noted HNA has already shed more than $17 billion of assets this year.
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