trending Market Intelligence /marketintelligence/en/news-insights/trending/ltczwqqdm4dcudoe5ya-2g2 content esgSubNav
In This List

Japan's Fuyo General Lease to acquire stake in truck rental, leasing company

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Japan's Fuyo General Lease to acquire stake in truck rental, leasing company

Japan's Fuyo General Lease Co. Ltd. agreed to acquire a 50% stake in a Canada-based pickup truck rental and leasing company from Marubeni Corp.

Under the agreement, Marubeni will transfer 50% of shares issued by subsidiary Marubeni Auto Investment (CANADA) Inc., which owns pickup truck rental and leasing company TDF Group Inc. Financial details of the deal were not disclosed.

The deal is expected to close in March, subject to approval and license from relevant authorities, the companies said in a joint statement.