Deals
Rabobank Said to Hold Talks for $4.9 Billion Leasing Sale
- Deal could be concluded in second half of year, person says
- Division finances cars, medical, agricultural equipment
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Rabobank Group is in preliminary talks with banks, institutional investors and private-equity firms that may bid for its leasing unit, De Lage Landen International BV, in a sale that may fetch as much as 4.5 billion euros ($4.9 billion), according to a person with knowledge of the process.
The transaction could be concluded in the second half of 2016, said the person who asked not to be identified because the sale is private. The Dutch lender is also considering selling parts of the leasing unit, the person said.