# Mitsui to take Penske Automotive private for $1.5bn

> Mitsui aims to buy Penske Automotive for $1.5bn, targeting private equity rivals.
- Title: Mitsui to take Penske Automotive private for $1.5bn | Shortify
- Summary: Mitsui aims to buy Penske Automotive for $1.5bn, targeting private equity rivals. Mitsui & Co. will take Penske Automotive Group private with Penske Corp…
- Keywords: mitsui, penske automotive, penske corp, us dealership group, private equity, japan trading house, business deals, m&a deals, news, business, world, take
- Source: Nikkei Asia — https://asia.nikkei.com/business/business-deals/japan-s-mitsui-to-spend-1.5bn-on-bid-to-take-penske-automotive-private
- Published: 2026-10-15T21:06:57+00:00
- Read time: 1 min
- Topics: mitsui, penske automotive, penske corp, us dealership group, private equity, japan trading house, business deals, m&a deals, news, business, world
## Mitsui's $1.5bn bid
Mitsui & Co. will take Penske Automotive Group private with Penske Corp. for $1.5bn.
## Penske Automotive's background
The operator of the largest Toyota dealership in the U.S. falls under Penske Automotive.
## Mitsui's strategy
Mitsui aims to beat private equity at its own game in the Penske buyout.
## Key takeaway

Mitsui & Co. will take Penske Automotive Group private with Penske Corp. for $1.5bn.