Japanese finance specialist moves to buy Robeco

Orix Corporation has agreed to acquire 90% of the equity in Robeco from Rabobank for $2.5 billion. It says it intends to keep the Dutch asset manager intact as much as possible.

Japanese finance specialist moves to buy Robeco
At six-seven times Ebitda, Orix believes it has a bargain purchase

Japanese financial services group Orix Corporation has moved to acquire 90% of the equity in Robeco from Rabobank for 1.9 billion $2.5 billion, and says it will continue to expand.

Subject to legal and regulatory approvals, the deal is expected to be completed within six months. It is valued at an estimated six-seven times Ebitda, which is understood to be lower than many of the competitor deals it examined.

Orix stresses...

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