Reuters exclusively reported that Toyota Motor (7203.T) and two affiliates plan to sell about 10% of components maker Denso (6902.T) by year-end, a stake likely worth about $4.7 billion.
AutomotiveDeals
Toyota group companies plan $4.7 billion sale of Denso stake
28 November 2023, 2:07 am 1 minute
Market Impact
Toyota Motor, which held some 24.2% percent of Denso as of the end of September, is expected to remain as the top shareholder. Buyers of the shares are expected to largely be domestic investors, and the price has yet to be determined, the sources said.
Article Tags
Topics of Interest: AutomotiveDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Asia
Countries: Japan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
