Sources familiar with the matter said that under the deal, Orix will pay Rabobank in cash and its own stock and that Orix will not issue new shares for the deal, leading to Rabobank owning only around 2% of the Orix.
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Further, Rabobank will retain about a 10% stake in Robeco, whose management will remain in place after the acquisition, the source added.
The companies are expected to sign and announce the deal early next week.
As of 30 September 2012, Robeco’s asset under management was at 188 billion euros ($251 billion).
While Goldman Sachs Group Inc advised Orix on the deal, JP Morgan was the adviser for Robeco and Barclays Plc advised Rabobank.
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