Oct 8 (Reuters) - Macquarie Group Ltd MQG.AX :
* Macquarie to acquire esanda portfolio, st outlook update MQG.AX
* Initial capital required for the acquisition to be met from: a $A400 million institutional placement
* Entered into an agreement to acquire Esanda Dealer Finance Portfolio from Australia and New Zealand Banking Group Limited for A$8.2 billion
* Says total motor vehicle finance portfolio managed by Macquarie leasing would increase from A$9 billion (as at 31 August 2015) to approximately $A17 billion
* Says acquisition to be funded from existing funding sources, third-party financing arrangements and a capital raising
* Says acquisition is expected to be 10 cents per share earnings accretive in its first full year
* Says currently expects 1h16 result to be up approximately 55 per cent on 1h15
* The acquisition is expected to be accretive to Macquarie leasing's return on equity following the integration of the portfolio
* Financial close for the acquisition is expected to occur by 31 October 2015
* Says Macquarie notes that the Australian competition and consumer commission has announced that it will not oppose the acquisition
* Says expects 2h16 result to be lower than 1h16 and higher than the prior corresponding period (2h15)
* Macquarie also notes that it expects the interim (1h16) dividend to be approximately A$1.60 per ordinary share franked at 40 per cent
* Notes that it is currently in trading halt and will remain in trading halt until the outcome of the institutional placement is announced
* Dividend policy remains unchanged with all future dividend payments expected to be within the 60 to 80% payout range, franked at 40%
* Source text for Eikon ID:nASX1cZfs2