Toyota Complete Acquisition of Subaru at a Cost of Approximately 70 Billion Yen, with Share Increase to 20%
Subaru has officially become a subsidiary of Toyota. Subaru’s official website announced that according to the cooperation agreement with Toyota in September 2019, as of January 15, 2021, Toyota’s shareholding in Subaru has increased from 16.8% to 20%. The acquisition of the latter. Subaru’s sales data will also be included in Toyota Group’s statistical reports.
The purchase design of 8,973,700 shares with a total stock value of approximately 70 billion yen (approximately 2.7 billion ringgits). The above transactions were conducted through out-of-market transactions. The acquisition period is from November 27, 2020 to January 15, 2021.
At the same time, it was also mentioned that this share acquisition will not have any impact on Subaru’s financial performance for the Japanese year ended March 31, 2021. Subaru will continue to work hard to further promote the relationship and cooperation between the two companies.
The capital cooperation relationship between Toyota and Subaru is quite long. As early as 2005, Toyota acquired an 8.5% stake in Subaru, which was also known as Fuji Heavy Industries. It has been in the latest cooperation agreement in 2019. The products of the two companies There has been further progress in cooperation with technology, including the integration of Subaru’s four-wheel drive technology and Toyota’s electric technology, and the joint development of electric vehicles based on the Toyota e-TNGA electric vehicle platform. As for whether there will be more relevant technology integration in the future, it has yet to be officially announced.
