Autobacs Seven Co.,Ltd. acquired additional minority stake in Siam Autobacs CO.,LTD. from Krung Thai IBJ Leasing Co., Ltd. and Krung Thai IBJ Leasing Co., Ltd. on November 26, 2020
December 24, 2020
Share
Autobacs Seven Co.,Ltd. (TSE:9832) signed a contract to acquire additional minority stake in Siam Autobacs CO.,LTD. from Krung Thai IBJ Leasing Co., Ltd. and Krung Thai IBJ Leasing Co., Ltd. on November 26, 2020. On December 3, 2020, the transaction with Krung Thai IBJ Leasing has closed.
Autobacs Seven Co.,Ltd. (TSE:9832) completed the acquisition of additional minority stake in Siam Autobacs CO.,LTD. from Krung Thai IBJ Leasing Co., Ltd. and Krung Thai IBJ Leasing Co., Ltd. on December 4, 2020.
Autobacs Seven Co Ltd is a Japan-based company primarily engaged in the retail and wholesale of automobile products, the purchase and sale of vehicles, the provision of vehicle inspection and maintenance services, as well as the loan credit business. The Company operates in four segments. The Domestic Autobacs segment is engaged in the wholesale of car products and the leasing of store facilities. The Overseas segment is engaged in the sales of car accessories, the provision of installation service and the maintenance of cars to general consumers. The Car, Dealers and B-to-B segment is engaged in the sales of imported cars, the purchase of used cars and the sales of the cars to second hand car dealers and others. The Others segment is engaged in the leasing business to domestic franchise chain affiliates.