# SMFL to acquire 65% stake in SAEL from Sumitomo

Sumitomo Mitsui Finance and Leasing (SMFL) has agreed to acquire 65% of the shares of Sumisho Aero Engine Lease (SAEL) from Sumitomo. The deal is subject to regulatory approval and SMFL plans to make SAEL a consolidated subsidiary effective April 2019.

- Type: Acquisition
- Announced: 2018-12-31
- Where: Japan
- Status: announced
- Products: aircraft engine leasing
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Sumitomo Corporation](https://endata.com/companies/6281.md) (target)
- [Sumitomo Mitsui Finance and Leasing](https://endata.com/companies/36418.md) (acquirer)
- [Sumisho Aero Engine Lease](https://endata.com/companies/36419.md) (target)

## Sources

- [aviationnews-online.com](https://aviationnews-online.com/public/index.php/article/smfl-to-acquire-joint-stake-in-sael), 2018-12-31: "Once approved and the deal is finalised, SMFL and Sumitomo intend to expand the scale of SAEL’s operations and raise its profile in the rapidly growing airline industry."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.