Philippines’ GT Capital to buy Toyota shares worth up to $202m

Toyota
A row of Toyota Auris Hybrid Touring Sports automobiles, produced by Toyota Motor Corp., stand outside the Toyota Caetano Portugal S.A. factory before shipping in Ovar, Portugal, on Thursday, Dec. 19, 2013. Photographer: Mario Proenca/Bloomberg

Philippine conglomerate GT Capital Holdings Inc said on Thursday it would buy shares of Japan’s Toyota Motor Corp worth up to 22.2 billion yen ($201.6 million), marking its first offshore investment.

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