Dutch bank Rabobank is weighing three offers for its asset
management arm Robeco and is deciding between bids to split the
€2 billion ($2.6 billion) business or sell it whole, the
Reuters news agency reported Wednesday on its website, citing
unnamed people familiar with the situation.
The bank received bids from a private equity consortium of
Advent International and CVC, and Japanese financial services group
Orix for the whole of Robeco, while a third bid from a partnership
between AMG Inc. and Permira wants to split up the business, the
people said in the report.
Rabobank, which is in discussions with various bidders and is
evaluating the offers, has told prospective buyers that it wants to
sell the business whole, the report said citing the people.
The sale could fetch as much as 3 billion euros, one of the
people was quoted as saying in the report.
Rabobank and Robeco declined to comment, the report said. The
named bidders also declined to comment or were unavailable for
comment.
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