# Toyota and Suzuki announce cross-shareholding alliance

Toyota plans to acquire a 4.94% stake in Suzuki for £743.3 million, while Suzuki will invest approximately £372 million in Toyota, pending regulatory approval.

- Type: Acquisition
- Announced: 2019-08-28
- Where: Japan
- Value: $910.0M (743.3M GBP)
- Status: announced
- Products: automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Toyota Motor](https://endata.com/companies/962.md) (acquirer)
- [Suzuki Motor Corporation](https://endata.com/companies/23600.md) (target)

## Sources

- [autocar.co.uk](https://www.autocar.co.uk/car-news/business/toyota-and-suzuki-confirm-details-new-alliance), 2019-08-28: "Toyota plans to take a 4.94% stake in Suzuki at a cost of £743.3 million for 24 million shares of common stock."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.