Companies / Japan
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Toyota Picks Up Isuzu Stake
November 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Japan's Toyota has agreed to purchase a 5.9% stake in commercial vehicle manufacturer Isuzu. Under the terms of the deal, Toyota will acquire 60 million shares from Mitsubishi Corp and 40 million from Itochu Corp, which combined acquired most of the 7.9% stake held by General Motors in May 2006. The US firm sold off its interest in Isuzu for US$300mn in order to generate