Rabobank is retaining 9.99% share in Robeco, and continuing to cooperate in maintaining and expanding Robeco’s business platform.
ORIX will allocate treasury stock to Rabobank as part of the acquisition price, and as a result Rabobank becomes a shareholder of ORIX. Also, ORIX and Rabobank have agreed that Robeco’s banking activities, which are only based in the Netherlands, will be transferred to Rabobank with Robeco retaining its client service relations.
Rabobank has decided to sell Robeco to ORIX, on the basis that becoming part of ORIX Group will enhance Robeco’s future growth prospects. Robeco is ORIX’s most significant strategic acquisition to date and it will become ORIX’s primary platform for future growth ambitions in global markets. Robeco will continue to service customers under its existing brand names.
The rationale for ORIX’s acquisition of Robeco includes the strength of Robeco’s global brand, its diversified range of businesses across asset classes and regions, the breadth of its global distribution network and experienced investments teams.
As a well-managed and relatively autonomous group of businesses with a good performance record, Robeco is the ideal vehicle for ORIX to pursue its ambitions in global asset management. Growth opportunities also exist in the pension and asset management markets in Asia and Middle East where ORIX has an established network.