Toyota and Daimler to reduce stakes in Archion, selling shares up to worth $1.87 bln, Nikkei says

Daimler Truck Holding AG

03/07/2026 08:33

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)
 ((Satoshi.Sugiyama@thomsonreuters.com;))