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Toyota to Take Key Supplier Private in $33 Billion Deal
June 04, 2025
|Financial Express Kochi
TOYOTA MOTOR WILL take forklift-maker Toyota Industries private in a $33 billion deal, the companies said on Tuesday, a landmark unwinding of cross-shareholding that is likely to strengthen the influence of the group's founding Toyoda family.
Going private will allow Toyota Industries to take a longer-term business perspective, the companies said. Japanese conglomerates are under increasing pressure to unwind stakes in each other as part of a government push for better governance.
هذه القصة من طبعة June 04, 2025 من Financial Express Kochi.
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