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Mitsui agrees to merge with Penske Automotive

PRIVATEOct 15, 2026

Acquiring Company

Mitsui & Ltd

Acquired Company

Penske Automotive

JapanEnergyOil And GasInvestment ManagementHardware

Description

Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. Mitsui committed up to US$1.6 billion in equity financing and Penske up to US$600 million. Upon completion, ownership is expected to be approximately 36 percent Mitsui and 64 percent Penske, subject to approvals and closing conditions, with completion expected in the last quarter of fiscal year ending March 2027.

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Company Information

Company

Mitsui & Ltd

Location

Japan

About

Mitsui & Co., Ltd. is a global trading and investment company with a diverse business portfolio that spans various industry sectors, including Energy, Metals, Machinery, Chemicals, Food, and Consumer Services. It is committed to creating innovative businesses and value by leveraging its integrated corporate strength and global network.

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Frequently asked

Who acquired Penske Automotive?

Penske Automotive was acquired by Mitsui & Ltd, based in Japan. The deal was reported on October 15, 2026. Mitsui & Co., Ltd. is a global trading and investment company with a diverse business portfolio that spans various industry sectors, including Energy, Metals, Machinery, Chemicals, Food, and Consumer Services. Mitsui & Ltd is privately held and operates in Energy.

When did Mitsui & Ltd acquire Penske Automotive?

Mitsui & Ltd's acquisition of Penske Automotive was reported on October 15, 2026. Mitsui & Co. agreed on October 15, 2026, to acquire all free-float shares of Penske Automotive Group together with Penske Corporation, through a merger agreement with Motown Acquisition Corp. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Penske Automotive do?

Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. It is publicly traded (PAG), operating in Hardware.

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