UPDATE 2-Tomen seeks aid from UFJ, gets Toyota funds

Newswire

(Recasts, adds president comments) By Nathan Layne TOKYO, Dec 27 (Reuters) - Debt-ridden trading house Tomen Corp said on Friday it has asked its main banks for 170 billion yen ($1.42 billion) in financial aid while securing help from Toyota Motor Corp to revive its flagging fortunes. Tomen said the Toyota group will buy 10 billion yen worth of new shares in the mid-sized trading firm next summer, and unveiled plans to merge with Toyota Tsusho Corp , another trading house affiliate of ...

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