Business deals
Japanese trading house prefers long-term view as investor in auto and truck retailer
Mitsui & Co., which has invested in Penske Automotive Group since 2001, now looks to take the company private. (Source photos by Nikkei and PAG)
KEIICHI FURUKAWA and KENTO HIRASHIMA
TOKYO — Mitsui & Co.’s proposal to take U.S.-based Penske Automotive Group private in a $3.8 billion deal provides the Japanese trading house with an opportunity to showcase the advantages of its way of doing business over that of private equity funds.
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