OREANDA-NEWS. July 01, 2011. Marubeni Corporation and Marubeni America Corporation (collectively “Marubeni”) have decided that it will undertake 100% of the private placement of new shares issued by Westlake Services, LLC ( ”Westlake”) for USD 250 million and will participate in the management of Westlake.

 Marubeni acquired a 20% equity position (the right to vote). Marubeni will send one full-time Director and one part-time Director and will contribute to further strengthen Westlake’s profit- base.

 Westlake finances automobiles to consumer representatives in the United States. Westlake is the largest independent non-bank lender in the automotive retail finance business in the United States. With this investment, Marubeni will become a long-term partner to support and accelerate Westlake’s growth and profits.