Toyota Industries and Aisin among sellers in $4.7 bln Denso share sale -sources

Aisin

28/11/2023 07:20

TOKYO, Nov 28 (Reuters) - Toyota Industries  6201.T  and
Aisin  7259.T  plan to cut their stakes in supplier Denso
 6902.T  as part of a share sale by Toyota group companies
likely worth around $4.7 billion, two sources said.
    In total, Toyota group companies plan to sell around 10% of
Denso by year-end, with under half of the shares coming from
Toyota Motor  7203.T , the sources said.
    The sources declined to be identified because the
information is not yet public.
    A Toyota Industries spokesperson said nothing had been
decided by the company, declining to comment further. An Aisin
spokesperson declined to comment.   

 (Reporting by Miho Uranaka, Daniel Leussink and Maki Shiraki;
Editing by Nobuhiro Kubo and David Dolan)
 ((david.dolan@thomsonreuters.com; +81 3 4563 2708;))