Aug 9, 2026 – 3.10pmThe 106-year-old mutual NRMA, soon to be led by former New South Wales premier Mike Baird, is ready to end its journey at SIXT Australia, one of the largest car and truck rentals business in the country.NRMA has mandated investment bank Greenhill Australia to find a buyer for the subsidiary, which rents out more than 18,000 vehicles from about 140 locations across Australia, according to people with knowledge of the discussions but not authorised to speak publicly.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?