Avolon enters exclusive talks for $2.6bn takeover

Avolon, the Irish aircraft leasing giant operated by Dómhnal Slattery, has entered exclusive talks which could likely see it bought out in the next few weeks for $2.6bn (€2.37bn).

The proposed deal means that the firm is now valued at $1bn more than it was only eight months ago when it sold shares on the New York Stock Exchange in an IPO at $20 a share.

Yesterday, it said it had entered exclusive talks with China’s Bohai Leasing which may lead to it being bought out at an increased price of $32 a share. It set a deadline of September 7 for the talks to end successfully.