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Macquarie Consortium Said to Drop Bid for RBS Aviation Capital

December 09, 2011, 06:00 AM
Filed Under: Aircraft

Bloomberg reported a consortium led by Macquarie Group Ltd.,  is no longer bidding for Royal Bank of Scotland Group Plc’s aircraft leasing division after its offer was deemed too low, citing two people familiar with the talks said.

According to the report, RBS has received offers for the unit from Sumitomo Mitsui Financial Group Inc., and Wells Fargo & Co. China Development Bank Corp. is also among the bidders.

RBS is expected to select a preferred candidate within the coming weeks and is seeking to sell the unit for between $7 billion and $8 billion.

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