HNA in Talks to Sell Stake in Avolon Holdings to Orix



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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