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Asia-focused bank Standard Chartered PLC on Wednesday announced it will explore ownership options for its aviation finance arm.
The aviation financing unit, which includes Pembroke, leases aircraft. It accounts for 2% of yearly income for the company.
StanChart said that a possible new owner of the unit can drive the next phase of growth while it focuses on improving its own commitment to boosting investor returns.
The news comes after First Abu Dhabi Bank PJSC cooled its interest in the London-listed firm. First Abu Dhabi Bank said it was no longer evaluating a takeover offer for FTSE 100 constituent.
Standard Chartered shares were 0.6% higher at 691.60 pence each on Wednesday morning in London.
By Tom Budszus, Alliance News reporter
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