June 8 (Bloomberg) -- U.K. private-equity firm Cinven Ltd may sell Italian aerospace company Avio rather than opt for an initial public offering, daily Il Sole 24 Ore reported, without saying where it got the information.

The offering, planned for as early as the end of this year, would value Avio at 4 billion euros ($5.9 billion), Sole reported.

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net