Sumitomo Mitsui prepares to purchase RBS aviation unit - News - Dukascopy Bank

Tue, 17 Jan 2012 08:13:33 GMT
Source: Bloomberg
 
© Scanpix/AFP
Sumitomo Mitsui announced it has agreed to buy Royal Bank of Scotland's aviation unit. The deal is valued at around $7.3bn. Japanese second biggest lender in terms of market value will control a fleet consisting of 206 aircraft and will be committed to buy additional 87 planes by 2015. Sumitomo Mitsui won the bid of China Development Bank Corp. and Wells Fargo & Co. 

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