07:38 AM EDT, 05/19/2025 (MT Newswires) -- Toyota Motor ( TM ) plans to take Toyota Industries private through a tender offer led by a special-purpose vehicle backed by the automaker and Chairman Akio Toyoda, Kyodo reported Monday, citing unnamed sources familiar with the matter.
The deal is expected to be valued at about 6 trillion Japanese yen ($41.42 billion), with financing support from major lenders including Mitsubishi UFJ Bank, the media outlet reported.
Toyota Industries, which owns stakes in Toyota Motor ( TM ), Denso, and Toyota Tsusho, has been viewed as a key holding firm within the group, Kyodo reported.
Toyota ( TM ) reportedly hopes the privatization will reduce pressure from activist shareholders and improve governance across the group.
Toyota Industries has formed a special committee to evaluate the offer, Kyodo said.
Toyota Motors did not immediately respond to MT Newswires' request for comments.
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