Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 bln, Nikkei says
03/07/2026 08:33
Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 bln, Nikkei says TOKYO, July 3 (Reuters) - Automakers Toyota Motor 7203.T and Daimler Truck DTGGe.DE will reduce their stakes in truckmaker Archion 543A.T this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on Friday.
Toyota and Daimler will offer approximately 900 million shares, or about 30% of the total outstanding shares, through a public offering to meet Archion's listing requirements, the Nikkei reported, without disclosing sources.
Archion is set to make announcement on share sales as early as next week, the newspaper reported.
($1 = 160.7800 yen)
(Reporting by Satoshi Sugiyama; Editing by Christopher Cushing)
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Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says (updated)