Japan's Sumitomo unit to buy Macquarie's helicopter leasing arm

Reuters

2025/03/10

Japan's Sumitomo unit to buy <a href="https://laohu8.com/S/MQG.AU">Macquarie</a>'s helicopter leasing arm

March 10 (Reuters) - Sumitomo Mitsui Finance and Leasing [RIC:RIC:SUMFL.UL] said on Monday its joint venture will acquire Macquarie Rotorcraft, the helicopter leasing business of financial giant Macquarie's MQG.AX asset management arm.

The Nikkei had reported the deal earlier in the day, valuing it at slightly over $1 billion.

The unit of Japan's Sumitomo Corp 8053.T did not provide financial details in the statement.

Sumitomo and Macquarie did not immediately respond to requests for clarification.

(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Mrigank Dhaniwala)

((Aaditya.GovindRao@thomsonreuters.com;))

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