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Toyota takes full control of DT Dobie after Sh5.4bn deal

Toyota Kenya managing director Sachio Yotsukura poses with the new Toyota RAV4 2016 during its launch in Nairobi recently. PHOTO | FILE

Japanese conglomerate Toyota Tsusho has taken full control of motor vehicle dealers DT Dobie and CICA Motors after buying all the shares in their parent company CFAO Group.

The multinational in December 2012 acquired a 97.81 per cent stake in CFAO for €2.2 billion (Sh243.7 billion) and last month bought the remaining shares for €50.5 million (Sh5.4 billion), squeezing out minority shareholders in the trading company.

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