The bidding battle for Avolon has ended with Bohai Leasing, a unit of the Chinese aviation and shipping company HNA, snapping up the Dublin-based aircraft leasing company in a deal valuing its equity at just over $2.5bn.环绕Avolon的竞购战早已完结，中国航空和航运公司海航集团(HNA Group)旗下的渤海出租(Bohai Leasing)将这家总部坐落于都柏林的飞机出租公司划入囊中。这笔交易对Avolon的股本估值超过略高于25亿美元。

It beat out AVIC Capital, a subsidiary of state-owned Aviation Industry Corp of China, which began talks with US-listed Avolon a year ago. Aircraft leasing is attracting growing attention and dollars in Asia, with Japan’s Mitsubishi Corp and Hong Kong-based billionaire Li Ka-shing among recent investors.渤海出租打败了中航资本(Avic Capital)，后者是国有的中国航空工业集团(China Aviation Industry Corp)旗下子公司，一年前与在美国上市的Avolon打开谈判。飞机出租业务在亚洲更有了更加多的注目和投资，日本三菱(Mitsubishi Corp)和香港亿万富翁李嘉诚(Li Ka-shing)近年都投资于该业务。Bohai secured its prize early on Friday with an offer of $31 a share, $1 a share below its previous offer and a 31 per cent premium to the undisturbed share price on July 13. Including debt, the price equates to an enterprise value of $7.6bn.渤海出租周五早间以每股31美元夺得竞购，该报价比此前报价较低1美元，较7月13日未宣告竞购消息前的股价有31%的溢价。

交易价格还包括分担Avolon的债务，相等于76亿美元的企业价值。The deal, approved by Avolon’s board, is expected to be completed in the first quarter of 2016.该交易已获得Avolon董事会的批准后，预计在2016年第一季度已完成。

It has been a fraught battle but one with generous rewards for Avolon’s investors, which include private equity groups Cinven, CVC and Oak Hill. Avolon listed last December at $20 a share.这是一场一波三折的收购战，但它为还包括私人股本集团Cinven、CVC和Oak Hill在内的Avolon的投资者带给了可观报酬。Avolon于去年12月上市，发行价为每股20美元。

Bohai was forced to sweeten its initial offer of $26 a share for a 20 per cent stake in July to $32 the following month after an informal rival offer emerged, understood to be from AVIC Capital, a subsidiary of Aviation Industry Corp of China.今年7月，渤海出租最初明确提出以每股26美元并购Avolon 20%的股份，但在8月据信来自中航资本的非正式报价经常出现后，该公司被迫将报价提升至每股32美元。The two companies said the agreed price of $31, trimmed by $1, “reflects significant volatility across global equity markets”. Bohai had agreed to raise its break fee by $100m to $350m, “to provide greater certainty of value and reflecting its commitment to the transaction.”两家公司回应，双方最后商定的31美元（即减少1美元）的价格，“体现出有全球股市的极大波动”。渤海此前表示同意将分手费提升1亿美元，至3.5亿美元，“以让交易价值极具确定性，并体现出有其对该笔交易的允诺”。Denis Nayden, Avolon chairman, said Bohai would bring profile and China relationships to the group. The China market, he said, offers “one of the most compelling growth opportunities in global aviation over the next two decades”.Avolon董事长丹尼斯蔠筑城(Denis Nayden)回应，渤海将为Avolon带给知名度和中国市场的人脉。

他说道，“在未来的20年内，中国市场将获取全球航空业最更有人的快速增长机遇之一”。Bohai, which is listed in Shenzhen, is a subsidiary of HNA, which is privately owned and focuses on aircraft, shipping and tourism.在深圳上市的渤海出租是海航旗下子公司，海航是一家私人有限公司企业，专门从事航空、航运和旅游业务。Avolon, one of the world’s fastest-growing aircraft leasing businesses, last month reported a better than expected second quarter, recording net income of $55.6m for the three months to the end of June 30, up 133 per cent compared with the same time last year. Revenue rose 38 per cent to $183.9m.Avolon是全球快速增长尤为很快的飞机出租企业之一，该公司上月公布的二季度业绩远超过预期，在累计6月30日的3个月里构建净利润5560万美元，同比快速增长133%。

营收快速增长38%，至1.839亿美元。

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