Sabanc Sells Its Toyotasa Stake To ALJ

News: According to The Saudi Gazette, Turkish industrial and financial conglomerate Sabanc Holding has sold its 64.99% stake in Turkish dealer Toyotasa to Saudi Arabian dealer Abdul Latif Jameel (ALJ). Japanese automaker Toyota Motor's Saudi Arabian dealer ALJ has acquired the stake for US$84.9mn. ALJ is planning to sell around 50,000 vehicles in the Turkish market in five years.

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