Key facts
- Mitsui will contribute ¥240 billion ($1.5 billion) to the deal.
- The total acquisition value is approximately $3.9 billion.
- Penske Automotive Group will become a privately held company.
- Mitsui's ownership will rise to 36% and Penske Corporation's to 64%.
Mitsui & Co. will take U.S. auto retailer Penske Automotive Group private in a deal valued at approximately $16.3 billion. The Japanese trading house will contribute about $1.5 billion to the transaction, increasing its ownership to 36% alongside Penske Corporation, which will hold 64%. Shareholders of Penske Automotive Group will receive $212.00 per share in cash. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and shareholder votes. Penske Automotive Group will continue to pay regular quarterly dividends until the deal is completed.