The Car and Truck Fleet and Leasing Management Magazine

Zambia Rejects Toyota-CFAO Merger

January 30, 2013

A Zambian government regulator has rejected a proposed merger of Japanese conglomerate Toyota Tsusho Corp and France's CFAO, because it would lessen competition in the local car market, according to a Reuters report.

The companies are both involved in the selling and distribution of new vehicles and parts in Zambia as well as servicing vehicles.

A Competition and Consumer Protection Commission spokesman said allowing the merger would give the two companies a combined market share of 75 percent.

Toyota Tsusho Corp said in December it had secured almost 98 percent of French distribution company CFAO.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Up Next

More From The World's Largest Fleet Publisher