HONG KONG (Reuters) - A group of Chinese companies, including Industrial and Commercial Bank of China (ICBC), is in talks to buy nearly all of American International Group Inc's aircraft leasing unit for about $5.5 billion, AIG said on Friday.
The deal is expected to be announced as soon as early next week, a source familiar with the matter said on condition of anonymity.
AIG, which has been selling assets to pay back a $182 billion U.S. government bailout from 2008, had long been hoping to float its ILFC unit through an initial public offering, but poor market conditions forced it to delay those plans.
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