Toyota Tsusho Corp secures almost 98 pct of France's CFAO

Newswire

PARIS, Dec 24 (Reuters) - Toyota Tsusho Corp, the Japanese conglomerate, said on Monday it had secured almost 98 percent of French distribution company CFAO. The Japanese company said it would decide within three months whether to keep CFAO's French stock market listing. TTC had bought a 29.8 percent stake in CFAO in July from luxury and retail group PPR. TTC later launched a tender offer for CFAO, including PPR's remaining 12.2 percent stake, at 37.50 euros a ...

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