Japan's Itochu weighs buying scandal-hit Bigmotor used-car chain

Trading house teams up with investment fund, will start due diligence process

20231117 Itochu Bigmotor file photo

A Bigmotor dealership in the western Tokyo city of Tama. (Photo by Yuki Nakao)

Nikkei staff writers

TOKYO -- The Japanese trading house Itochu and a domestic corporate reconstruction fund, J-Will Partners (JWP), are considering acquiring the used-car giant Bigmotor, Nikkei has learned, on the condition that the founding family not be involved with company management.

Bigmotor is currently unlisted, with its shares held by the asset management company of its founder, Hiroyuki Kaneshige, and others.

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