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UK CMA probes Sumitomo’s takeover of Macquarie’s helicopter leasing unit
Yahoo Finance· 2025-10-08 14:04
Core Viewpoint - The UK Competition and Markets Authority (CMA) is investigating the acquisition of Macquarie Group's helicopter leasing arm by a Sumitomo Corporation subsidiary to assess potential impacts on market competition [1][2]. Group 1: Regulatory Scrutiny - The CMA is examining whether the acquisition could reduce competition in the helicopter leasing market [1]. - Interested parties are invited to submit comments by the deadline of 21 October [1]. Group 2: Acquisition Details - The acquisition involves a joint venture between Sumitomo Mitsui Finance and Leasing Corporation (SMFL) and Lease Corporation International (LCI), which aims to purchase Macquarie Rotorcraft (MRL) [2]. - MRL operates a global helicopter leasing business with a fleet of approximately 120 aircraft, serving sectors like offshore transportation and emergency services [2]. Group 3: Joint Venture Expansion - The joint venture, SMFLH, formed in 2020, will manage the combined business post-acquisition [3]. - The acquisition is projected to increase the fleet size to around 310 aircraft, enhancing the customer base [3]. Group 4: Strategic Intent - The companies aim to expand their business and customer bases through this acquisition, positioning themselves strongly in the growing helicopter leasing industry [4].