Isuzu stock increase sharper
FRANKFURT. A magazine in Germany on Wednesday (13 / 4) reported that Volkswagen (VW) is currently considering a plan to buy a Japanese automaker Isuzu Motors.
MAN, a German manufacturer of trucks that are 30% owned by VW, is also being considered for the possibility to take over stock Isuzu. However, VW and MAN management still could not give confirmation of this news.
According to Reuters data, Isuzu has a market capitalization of U.S. $ 5.86 billion, or around € 4 billion. Since news is sticking out, stock prices in Japan's Isuzu Motors jumped sharper. Yesterday, Isuzu stock rose 6.5% and become the most active stock traded on the Tokyo Stock Exchange.
"I spoke with several investors from Singapore, and I saw that the large uncertainties arising between foreign investors in Japan's economy today," said Yuuki Sakurai, CEO of Fukoku Capital Management.
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