Rabobank International, the corporate and investment banking arm of The Netherlands-based Rabobank Group, enters into an agreement to acquire Lend Lease Agri-Business, a subsidiary of Lend Lease Real Estate Investments and part of the Australia-based Lend Lease Group.

Rabobank International, the corporate and investment banking arm of The Netherlands-based Rabobank Group, enters into an agreement to acquire Lend Lease Agri-Business, a subsidiary of Lend Lease Real Estate Investments and part of the Australia-based Lend Lease Group. Under the terms of the agreement, Rabobank would purchase 100 percent of the shares of Lend Lease Agri-Business in an all-cash transaction for a price equivalent to book value of approximately $45 million. Upon the closing of the deal, Lend Lease Agri-Business will be renamed Rabo Agrifinance. Headquartered nationally in St. Louis, Lend Lease Agri-Business operates regional offices in St. Louis and Stockton, Calif., and serves agricultural markets throughout the United States with the assistance of local agribusiness finance managers.