Toyota (TM) Tsusho's aircraft maintenance joint venture in Vietnam with the Sun Group, Hong Kong Aircraft Engineering, and Japan Airlines has been approved by the European Commission, the regulator said Tuesday.
The joint venture, HAECO Vietnam, aims to provide heavy maintenance services for commercial aircraft in Vietnam, according to the commission.
The regulator said the deal would not raise competition concerns, considering its limited impact on the European Economic Area.
Toyota Motor shares were down more than 1% in premarket activity Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments