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National Social Security Fund increases stake in AVIC International

12-Jan-2010 11:09 AM

AVIC International reportedly signed an agreement with the Aviation Industry Corporation of China (AVIC), the National Social Security Fund (NSSF) and Bank of China Group Investment Ltd (BOCGI) in which the NSSF will increase its stake in the state-owned aviation conglomerate (Asia Pulse, 11-Jan-2010). The NSSF and BOCGI will both hold a 16.3% stake in AVIC International and AVIC will hold the remaining 67.4%.