SMFG, Sumitomo in $7.3B Deal for RSB Unit

Japan's Sumitomo Mitsui Financial Group and Sumitomo Corp. are buying the aircraft-leasing business of Royal Bank of Scotland in a deal worth $7.3 billion, Reuters reported Tuesday. SMFG will take around 70% of RBS Aviation Capital, while trading company Sumitomo will hold the rest, Reuters reported.

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