Macquarie Said to Sell Equipment Finance Unit to Huntington

Macquarie Group Ltd., Australia’s largest investment bank, has agreed to sell its equipment finance business to Huntington Bancshares Inc. for about $380 million, a person with knowledge of the matter said.

The sale of Macquarie Equipment Finance could be announced as soon as this week, the person said, asking not to be identified as the details are private. The business, whose customers include hospitals and semiconductor makers, has about $950 million of assets.