Toyota Tsusho confirms to buy rest of CFAO

Newswire

PARIS, Aug 28 (Reuters) - Japanese conglomerate Toyota Tsusho Corp confirmed on Tuesday that it planned to go ahead with an offer for the remainder of distribution firm CFAO after buying a 29.8 percent stake from French retailer PPR. Toyota Tsusho also confirmed that it would stick to the 37.50 euros a share price paid for PPR's stake, adding that PPR planned to accept its offer for the remaining 12.2 percent in CFAO it still holds. Toyota Tsusho said it would ...

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