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Itochu Corp. says that it and an investment fund have set up a new company to take over main operations of used car dealership Bigmotor Co., which had been mired in an insurance fraud scandal.
Japanese trading house Itochu Corp says it is considering investing in Bigmotor Co in a bid to help reconstruct the used car dealership mired in an insurance fraud scandal. Itochu, together with its subsidiary Itochu Enex Co and investment fund J-Will Partners, won exclusive negotiation rights and will launch due…
Japanese trading house Itochu Corp. says it is considering investing in Bigmotor Co. in a bid to help reconstruct the used car dealership mired in an insurance fraud scandal.
Major trading company Itochu Corp. is kicking the tires on acquiring scandal-ridden Bigmotor Co., along with possibly helping sponsor its corporate reconstruction.