Toyota, Nomura to aid Misawa Homes restructuring

Newswire

TOKYO, March 31 (Reuters) - Japan's Toyota Motor Corp. , Nomura Principal Finance Co. and Aioi Insurance will rehabilitate home builder Misawa Homes Holdings Inc. , Misawa said on Thursday. The group will inject a combined 25.8 billion yen ($239.9 million) in capital into debt-saddled Misawa in return for a 33.4 percent stake under a rescue scheme by the state-backed Industrial Revitalization Corp. of Japan (IRCJ), the broad outlines of which were approved in December. UFJ Holdings Inc. ...

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