Japan’s Sojitz Corp. acquires Panama’s Silaba Motors

With this move, Sojitz enters the automotive distribution and retail business in Panama

Sojitz Corp., a Japan-based company engaged in trading business, investment and financial activities, announced that it has acquired full ownership of Silaba Motors SA, a company primarily engaged in sales of Kia and Mazda vehicles, to enter the car dealership business in Panama, according to a press release dated Feb. 21.