Toyota has confirmed that, by August 1 2016, it will have purchased all shares in Daihatsu, making the minivehicle automaker a wholly-owned subsidiary of the world’s largest car maker.
This announcement confirms the report that had Toyota, which already owned 51.2 per cent of the stocks, considering the possibility of fully acquiring the company.
As part of the deal, that could be worth around $3 billion, Toyota will delist all of Daihatsu’s shares on July 27 and hopes to increase the value of both brands. Additionally,…
Toyota Confirms Daihatsu Buyout By August 2016
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