Dutch financial services group ING Groep is seeking to sell its European car-leasing unit, The Wall Street Journal reports, citing Het Financieele Dagblad. The deal is estimated to have a value of about €4 billion.
The buyer will also have to assume €3 billion in debt and boost the unit’s capital buffer by around €750 million. Probable buyers of the division include the car-leasing units of BMW, Volkswagen and General Electric.
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