Toyota, funds to take 33 pct of Misawa Homes-paper


TOKYO, Dec 22 (Reuters) - Toyota Motor Corp. and private equity funds are set to take control of troubled home builder Misawa Homes Holdings Inc. , the Nihon Keizai newspaper said on Wednesday. Toyota, private equity funds and other investors will take a total of 33.4 percent of Misawa, with Toyota's stake some 10-15 percent, the paper said. Toyota will announce the investment when Misawa and its main creditor, UFJ Bank, apply for the assistance of the state-backed turnaround body the ...

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