Mergers & Acquisitions ·
Honda Motor Co., Ltd. has delayed the closing date for its acquisition of an additional 21% equity interest in Astemo…
HMCHonda Motor Co Ltd
Honda Motor Co., Ltd. has delayed the closing date for its acquisition of an additional 21% equity interest in Astemo, Ltd. from Hitachi, Ltd. The transaction, which will make Astemo a consolidated subsidiary, was originally scheduled to close during the first quarter of the fiscal year ending March 31, 2027, but is now expected to close by the end of the third quarter of the same fiscal year due to pending regulatory approvals. Honda expects no material impact on consolidated financial results for the fiscal year ending March 31, 2027. Honda is an automotive company that manufactures and sells vehicles and power products.