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Rabobank previously owned Robeco
Japanese financial services firm Orix Corp. buys Dutch asset manager Robeco from its owner Rabobank for about $2.6 billion.
It is the biggest ever acquisition by Orix, whose businesses include leasing, life insurance, real estate, corporate lending and a professional baseball team.
Rabobank will retain about a 10 percent stake in Robeco, whose management will remain in place after the acquisition.