Toyota is the investment in a possible purchase of $ 42 billion for the main resource

Written by Maki Sherki and Makiko Yamazaki

TOKIO (Reuters) – Tiota Motor said it explores the possibility of investing in a possible acquisition of the main parts of Toyota industries – a purchase that could cost $ 42 billion.

“We are currently exploring many possibilities, including partial investment,” said the auto company in a file with the Tokyo Stock Exchange on Saturday after reports about the possible acquisition.

Bloomberg News said on Friday that the Toyota Akio Toyua president and his family, a founder, suggested obtaining a Toyota deal in a possible 6 trillion yen ($ 42 billion) deal.

Toyota Industries, which has a market value of 4 trillion yen, said in a statement that it had received proposals about going to the private sector through a special company for special purposes, but it denied that it had received a proposal to seize the Toyota president or the Toyota Group.

Two sources familiar with the matter said that Toyota Industries are considering eavesdropping on Toyota and their collective companies as well as the main banks to finance the acquisition. They also said that the proposal did not come from Akio Toyoda or the Toyota group.

The sources, who refused to define it as the general issue, said if Toyota is industries to become special, it will help to improve corporate governance in Toyota because the cross -load will be not binding.

Toyota and Toyota Industries said in their statements that nothing had been determined.

Toyota has 24 % of Toyota Industries as of September last year, while Toyota Industries held 9.07 % of Toyota and 5.41 % of Denso, another key supplier.

Toyota Industries has faced the increase in shareholders ’pressure to relax on its cross -shares so that it can enhance the returns for shareholders and make investments.

Some of their cross -off shares, including the stocks in AISIN, has sold the other essential Toyota group.

One of the sources said that going to the private sector will give Toyota Industries the freedom to focus on growth strategies without concern about the returns of shareholders.

The tendencies were through participation, as companies retain a share in each other and are very common in Japan, under the increasing scrutiny of the organizers and shareholders because the practice can isolate the administration from having to serve the interests of public shareholders.

Toyota Industries, which was the automatic Toyoda Lol, was established in 1926 by Sakishi Toyoda to manufacture automatic horizon. A car section was created inside the company and was later stopped as Toyota Motor. Toyota Industries is the main manufacturer of Forklifts, and the Rav4 Sport Utility produces Toyota Motor as well as engines.