Macquarie Group Limited
(ASX:MQG) has struck a deal to buy an aircraft operating lease portfolio from AWAS Aviation Capital Limited and unveiled a capital raising.
Australia’s largest listed investment bank says the purchase price for the 90 aircraft is $US4 billion and the capital requirement is expected to be $AUD600 million.
CEO Nicholas Moore says the acquisition builds on the company’s corporate and asset finance business and the ongoing investment in its annuity style businesses.
Macquarie Group has also announced it will conduct an institutional placement to raise $AUD500 million through a bookbuild to partially fund the purchase. A share purchase plan will also be offered to eligible shareholders.
Macquarie Group reported a net profit of $689 million in the first half of the 2015 financial year.
