Toyota to Take Private Key Unit in Landmark $26 Billion Deal

Toyota Motor Corporation has announced plans to take private a key supplier within its group, marking a major corporate restructuring in a $26 billion transaction. The deal involves Toyota Fudosan, an unlisted real estate company, launching a tender offer for shares of Toyota Industries Corporation, a move aimed at enhancing corporate governance and streamlining operations.

 

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Toyota’s decision to privatize Toyota Industries reflects a broader trend in Japan’s corporate governance reforms, ensuring greater transparency and shareholder value.

 

Source: Zawya, MarketScreener, and Economic Times.