Black Friday Sale! Save huge on InvestingProGet up to 60% off

Macquarie, Carlyle among shortlisted bidders for $6.4 bln ANZ car finance unit-sources

Published 17/07/2015, 04:29 pm
© Reuters.  Macquarie, Carlyle among shortlisted bidders for $6.4 bln ANZ car finance unit-sources
MQG
-
ANZ
-
CG
-

SYDNEY, July 17 (Reuters) - Macquarie Group MQG.AX , U.S. private equity giant Carlyle CG.O and China's HNA Group HNAIRC.UL are among the bidders shortlisted for ANZ Banking Group's ANZ.AX $6 billion-plus car and equipment loan book, five sources with direct knowledge of the matter said on Friday.

The deal, the second major sale of a finance portfolio in Australia after General Electric's GE.N $7 billion consumer lending book in March, comes at a time when Australian banks are facing pressure to lift capital ratios under stricter regulations. ID:nL4N0ZT05N

Private equity buyout firm KKR & Co KKR.N bidding with Varde Partners, as well as a group comprising TPG TPG.UL and Blackstone BX.N failed to make it to the next round, three of the sources added. Final bids are expected by end-August. (Reporting Swati Pandey and Sharon Klyne; Additional reporting by Byron Kaye; Editing by Stephen Coates)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.