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Article: ALJ buys Toyota Turkey stake.(ALJ Lubnatsi Marketing and Sales PLC)(Brief article)
- Article from:
- Saudi Economic Survey
- Article date:
- August 20, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALJ Lubnatsi Marketing and Sales PLC, a subsidiary of Saudi Arabia-based Abdul Latif Jameel Co. (ALJ), has bought 64.99% of Turkey-based Sabanci Holding's stake in ToyotaSA, in which it partnered with Toyota Motor Europe and Mitsui, reported in the press.
Under the new deal, ALJ Lubnatsi will become the major shareholder in the Toyota Turkiye Motorlu Araclar A.S.
(Toyota Turkey Motor Vehicles Plc) while 25% of the company will be owned by Toyota Motor Europe and 10% by Mitsui & Co. ALJ is ...