GT Capital to Invest up to USD200-M in Toyota Motor

MANILA — Conglomerate GT Capital Holdings Inc. announced that it will invest up to 22.2 billion Japanese yen (USD200 million) in Japanese multinational automotive manufacturer, Toyota Motor Corporation.

In a disclosure, GT Capital on Thursday said funding of the transaction will be through debt.

The purchase shall be through the Tokyo Stock Exchange, based on the current prevailing rates on the dates of purchase, it said.

GT Capital is a majority owner of carmaker Toyota Motor Philippines Corporation.

The conglomerate has interests in market-leading businesses across banking, automotive assembly, importation, dealership, and financing, property development, life and non-life insurance, and infrastructure. (PNA)