Macquarie acquires Esanda dealer finance
Macquarie Group has acquired Esanda dealer finance from ANZ.
The two companies announced the transaction to the Australian Securities Exchange (ASX) today valuing the transaction at $8.2 billion.
The announcement said the portfolio was comprised of retail and wholesale dealer finance on motor vehicles and would become part of Macquarie's automotive equipment and financing division, Macquarie Leasing.
Commenting on the transaction, Macquarie Group chief executive, Nicholas Moore said it represented a continuation of the firm's growth in annuity-style businesses.
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