28 June
Toyota Takes 1/8th Stake in Indus Motors
Indus Motors Co. Ltd is a Pakistan auto company. Toyota just purchased a 12.5% stake in the company for $53.3 million. Quick mater = makes the company worth about $425
million, right? For someone like Bill Gates, that’s pocket change. Gosh, some sports figures could pony up that much. Can you say Tiger Woods?
Toyota is keen to gain more traction in the subcontinent and this purchase gives them a 25% stake overall in Indus. The stocks were bought from Overseas Pak Investors AG and through a public offer. I wonder why Toyota didn’t just buy the whole company outright? They surely have the money.
In the meantime…another Japanese car maker, Suzuki, is number one in the area. But, Toyota is coming…Toyota is coming….
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