Japanese business newspaper Nikkei Shimbun reported that Toyota is considering raising its current 8.7% stake in Fuji Heavy Industries (Subaru) to about 17%, in a deal that is valued at 30 billion yen, or RM937 million ringgit, pending a review by Japan’s Fair Trade Commission.
Subaru will remain somewhat independent and not be considered a Toyota subsidiary as the resulting shareholding by Toyota will be under 20%. In a response to Nikkei’s report, Subaru says it still does not have anything to announce at the moment as the stakeholding increase is not final yet and still under discussions.
Of course, such reports will always affect share prices. Subaru shares went up 6.6% on the day the Nikkei reported the news.
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