ARTICLE
26 December 2019

CCI Approves Minority Stake Purchase Deal Of Toyota And Suzuki Motor

DL
DSK Legal

Contributor

The CCI on November 26, 2019, has approved the minority stake purchase deal of Toyota Motor Corporation and Suzuki Motor Corporation.
India Antitrust/Competition Law

The CCI on November 26, 2019, has approved the minority stake purchase deal of Toyota Motor Corporation and Suzuki Motor Corporation.

The transaction involves acquisition of a "minority and insignificant shareholding" of 4.94% by Toyota Motor in Suzuki Motor while Suzuki will hold approximately 0.24% stake in the former.

CCI said that the purpose of the proposed transaction is to "establish and promote a long-term partnership" between the two firms for future collaborations in new fields, including the autonomous driving filed.

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