INCHCAPE PURCHASE
February 1st, 2002
BY MARK ROWETOYOTA Motors is considering buying up Inchcape Motors, a Singapore subsidiary of the world's largest motor agency, Inchcape plc. The deal is dependent on a proposed delisting of Inchcape Motors, which distributes Toyota and Suzuki in the Asian island state. The London-based parent company has offered to buy out minority shareholders of Inchcape Motors for GBPounds55 million. If successful, Inchcape plc will take over the Singapore unit and delist it. Toyota executives have not yet commented but it is recognised in the region that car manufacturers ...
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