Mitsui agrees Penske merger as Mitsui & Co stock costs EUR 27.97

Mitsui & Co agreed to acquire all free-float shares of Penske Automotive Group together with Penske Corporation on October 15, 2026, according to Mitsui & Co. Mitsui and Penske entered into a merger agreement through Motown Acquisition Corp., a company established for the transaction.

At Lang & Schwarz, Mitsui & Co stock trades in weekend trading at EUR 27.97 at 10:15 a.m. CEST on October 24, 2026. The bid was EUR 27.74 and the ask was EUR 28.19.

The week in figures

The October 24, 2026 Lang & Schwarz weekend-trading price is EUR 27.97. The issuer’s October 15 announcement said Mitsui’s ownership interest in Penske Automotive Group is expected to rise from approximately 20.3 percent to approximately 36 percent upon completion.

The further course of weekend trading at Lang & Schwarz until 1:00 p.m. CET/CEST is shown by the continuously updated real-time quote of Mitsui & Co stock.

Chronology of the week

On October 15, 2026, Mitsui and Penske entered into the merger agreement. Mitsui committed up to US$1.6 billion in equity financing, while Penske committed up to US$600 million. The planned ownership split after completion is approximately 36 percent for Mitsui and approximately 64 percent for Penske, subject to approvals and other closing conditions. The company release said completion is currently expected in the last quarter of fiscal year ending March 2027.

Dates of the coming week

The next Xetra session is scheduled for October 26, 2026. Mitsui’s release said the transaction remains subject to required approvals and other closing conditions.

Market context: Market report Nikkei 225.