Daimler Truck and Toyota Motor Corporation, together with their respective group companies Mitsubishi Fuso Truck and Bus Corporation and Hino Motors, Ltd., have concluded definitive agreements to integrate Mitsubishi Fuso and Hino on equal footing.
Mitsubishi Fuso and Hino will become subsidiaries of a new listed holding company based in Tokyo (Japan), in which Daimler Truck and Toyota are each expected hold a 25% stake. The aim is for the holding company to become a new Japanese truck powerhouse and a pioneer in the commercial vehicle landscape in the Asia-Pacific region and beyond.
For more information, see the press release published by Daimler Truck:
In-house, the following Daimler Truck team advised on the transaction: Dr. Florian Hofer, Christian Herrmann, Hetal Laligi, Lars Wettlaufer, Jacqueline Hitzler, Dr. Myriam Spengler, Stefan Frank, Ines Heuchert.
The following Gleiss Lutz team advised the supervisory board of Daimler Truck Holding AG and the supervisory board of Daimler Truck AG: Prof. Dr. Michael Arnold (partner) and Dr. Vera Rothenburg (partner, both lead), Hanna Rogg, Dr. Nikolai Unmuth (all Corporate, all Stuttgart).
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