Currently browsing tag

leasing

Exclusive: Chinese, Japanese suitors eye $4 billion sale of CIT plane leasing unit – sources

SINGAPORE/HONG KONG (Reuters) – U.S. lender CIT Group Inc has kicked off the sale of its aircraft leasing assets by inviting more than a dozen entities to consider bidding, including China's HNA Group, Industrial and Commercial Bank of China's ICBC Leasing, and Japan's Orix Corp , sources familiar with the matter said. The sale of CIT's Commercial Air unit could fetch between $3 billion to $4 billion, with Century Tokyo Leasing , sovereign wealth fund China Investment Corp, CDB Leasing, plus some global pension funds and insurers, also invited to bid for the assets, the sources added.

Japanese banks among bidders for GE’s local finance unit: sources

Orix Corp and the leasing units of Sumitomo Mitsui Financial Group Inc , Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Trust Holdings Inc are among the bidders, the sources said. The Wall Street Journal, which first reported the news, said the finance unit's assets are valued at about $5 billion. Officials at Orix, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings were not available for comment.