Bohai Leasing in talks to buy Avolon for $2.64bn

GMT 04:57 2015 Tuesday ,11 August

Arab Today, arab today Bohai Leasing in talks to buy Avolon for $2.64bn

China's Bohai Leasing Co Ltd
Beijing - XINHUA

China's Bohai Leasing has reportedly upped its offer for Irish aircraft leasing firm Avolon Holdings.

The firm is now offering 2.6 billion U.S. dollars in the take-over.

The 32 US-dollar per share offer is one dollar higher than Bohai's earlier bid in July.

It is also 2-dollars a share higher than an offer from a rival unidentified bidder.

Avolon shares have jumped nearly 5-percent on the news.

Both companies have until September 7th to finalize a deal.

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