Toyota to Acquire Renewables Developer to Achieve Carbon-Neutral Goals

Toyota’s subsidiary will acquire an 85% stake in the SoftBank Group subsidiary

February 16, 2023

/ Gourav Mishra
/ Finance and M&A, Other, Renewable Energy
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Toyota Tsusho Corporation, the trading arm of the Toyota Group, inked an agreement with Japan-based renewable energy developer SB Energy, a subsidiary of SoftBank Group (SBG), to acquire an 85% stake in the latter.

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Gourav Mishra

More articles from Gourav Mishra.
AcquisitionCarbonNet-zerorenewablesSB EnergyToyotaTransaction
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