Toyota Motor (7203.T) will take forklift-maker Toyota Industries (6201.T) private in a $33 billion deal, the companies said this week, a landmark unwinding of cross-shareholding that is likely to strengthen the influence of the group’s founding Toyoda family.
Going private will allow Toyota Industries to take a longer-term business perspective, the companies said. Japanese conglomerates are under increasing pressure to unwind stakes in each other as part of a government
