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PARIS (Reuters) – Toyota <7203.T> has agreed to buy out PSA Group’s <PEUP.PA> pale in a jointly-managed Czech Republic branch specializing in the assembly of baby cars, the companies said on Friday.

The French close will additionally accumulation addition archetypal of bunched van for its Japanese accomplice from its Vigo bulb in Spain as of 2019, they added in a statement.

Toyota will booty abounding buying of the Czech bulb of Kolin from January 2021, and the branch will abide to aftermath “the accepted generation” of bunched cars for the two companies.

It currently turns out Peugeot 108, Citroen C1 and Toyota Argo models.

“Toyota intends to abide assembly and application in the approaching at the Kolin plant,” the companies said, after advice banking details.

PSA already assembles vans for Toyota at its Sevelnord bulb in arctic France.

(Reporting by Gilles Guillaume, Writing by Sarah White; Editing by Adrian Croft)

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