Bloomberg reported that Rabobank is in preliminary discussions to sell De Lage Landen International, noting the sale price could be as much as $4.9 billion.

Citing an unnamed source, Bloomberg said the transaction could be concluded sometime in the second half of 2016.

According to Bloomberg, Rabobank wants to cut as much as €150 billion ($162.3 billion) of assets by 2020 as European capital rules become tougher.