Tokio Marine Capital exits investments in machine parts maker Tonichi Kosan

Construction machinery at work.

Tokyo-listed machinery wholesaler Wakita & Co Ltd has acquired an 80 per cent stake in Japanese machinery supplier Tonichi Kosan Co. Ltd. at an undisclosed price, according to details in a regulatory filing.

The transaction marks a complete exit for Tokio Marine Capital from Tonichi Kosan, which makes parts used in construction and agricultural machinery.

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