Ireland’s RTE News reported that De Lage Landen has acquired Permanent TSB Bank’s agricultural leasing portfolio worth $65 million (€50 million).

De Lage Landen said in a statement that it will use the acquisition to expand its presence in the Irish agricultural market, according to the report.

De Lage Landen stated that the strong credit rating of the Rabobank Group will give it stable access to funds, and by extension a strong competitive position in Ireland, the report said.

To read the full RTE News report click here.