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SYDNEY, Oct 2 Asia Pulse - Macquarie Bank will invest million ($200 million) for a minority stake in the aircraft leasing arm of New York listed transport group GATX Corporation.
Australia's largest investment bank has formed a consortium called Macquarie Aircraft Leasing Ltd that will pay .46 billion ($1.95 billion) for San Francisco-based GATX Air.
The consortium also includes funds affiliated with Macquarie Bank and hedge fund giant Och-Ziff Capital Management Group.
GATX Corporation's sale of its aircraft leasing unit comes as the Chicago-based group seeks to expand its rail and speciality businesses.
GATX Air has about 60 staff in offices in San Francisco, London, Toulouse and Tokyo.
The GATX Air portfolio comprises 87 narrow ...