Prudential acquires GMAC equipment lease portfolio

Newswire

NEW YORK, Feb 28 (Reuters) - Prudential Capital Group, a unit of Prudential Financial Inc. , said on Wednesday it acquired a $607 million portfolio of equipment loans and leases from a unit of GMAC Financial Services. The portfolio includes loans and leases financing corporate aircraft, marine assets, industrial equipment, and various project-related assets. The price Prudential paid to GMAC Commercial Finance was not disclosed. The portfolio will operate under the name Prudential ...

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