Japan's Itochu in final talks to acquire scandal-hit Bigmotor

Used-car chain faces split into 2 companies amid restructuring

20240221N Big Motor

Bigmotor's practices included deliberately damaging customer vehicles and then filing fraudulent insurance claims. © Kyodo

TOMOYA ONISHI, Nikkei staff writer

TOKYO -- Japanese trading house Itochu and a domestic corporate reconstruction fund, J-Will Partners (JWP), are making final arrangements to acquire embattled used-car giant Bigmotor, Nikkei learned on Wednesday.

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