SoftBank renewable energy unit to be acquired by Toyota Tsusho

Nikkei Asia | Feb. 9, 2023, noon | Original

NAGOYA -- Japanese trading house Toyota Tsusho will acquire SoftBank Group unit SB Energy as early as April, aiming to expand its footprint in solar power and other renewable energy-related businesses.

Toyota Tsusho will purchase an 85% stake under plans announced Thursday, while SoftBank will retain 15%.

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