Reuters: Mergers News: RPT-Investec to list aircraft leasing unit in Singapore-IFR

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

RPT-Investec to list aircraft leasing unit in Singapore-IFR Apr 3rd 2012, 00:23 Mon Apr 2, 2012 8:23pm EDT SINGAPORE, April 2 (Reuters) - Specialist lender and asset management firm Investec is looking to spin off its aircraft leasing business in Singapore in a business trust listing, raising between $600-800 million, as early as June, IFR reported on Monday. The deal, which would be the first of its kind in Asia, is led by Bank of America Merrill Lynch, BNP Paribas and Credit Suisse, said IFR, a Thomson Reuters publication. Singapore is a major hub for both airlines and the aerospace business in Asia, which is expected to be the fastest growing aviation market in the world, thanks to the region's strong economic growth. IFR said Investec's fund is likely to be more of a yield play, so will be more closely comparable with Singapore's other listed business trusts.

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