Bloomberg reports that the company will purchase a 90% stake in Robeco Groep NV, while Rabobank will continue to hold 10 percent of the unit, the Tokyo-based company said in a statement filed to the Tokyo Stock Exchange Tuesday.
Rabobank will receive as much as $200m of Orix shares as part of the payment, according to the statement.
Orix, which operates leasing and insurance businesses and manages Japan’s Buffaloes baseball team, is buying financial-services assets worldwide to boost capital and expand in faster-growing markets abroad. Rabobank, the biggest Dutch savings bank and mortgage lender, is shedding units to help strengthen its finances amid slowing asset growth and competition for deposits.
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Orix to Buy Rabobank Asset-Management Unit for $2.6 Billion
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