Mexico City, Mexico, March 25th, 2024.
On March 20th, the Federal Economic Competition Commission (COFECE) unconditionally authorized the acquisition of 20% of the capital stock of Kawasaki Motors, Ltd (Kawasaki Motors) by ITOCHU Corporation (ITOCHU). The transaction is part of an important business alliance between ITOCHU and Kawasaki Motors that will accelerate the growth strategies of Kawasaki Motors in the powersport business.
ITOCHU is involved in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas.
Kawasaki Motors manufactures a broad range of products, including motorcycle, off-road four wheeler, watercraft, and general-purpose gasoline engines; and supplies them to markets around the world.
In order to obtain the concentration authorization from COFECE, ITOCHU and Kawasaki Motors were advised by Amilcar Peredo (Partner) and León Jiménez (Senior Associate) of the antitrust practice group of Basham, Ringe y Correa, S.C. (Mexico City).
