Brief: Denso Corp - To Sell 78 Million Renesas Shares, Or About 4.4% Worth Of Outstanding Shares Excluding Treasury Shares

Renesas Electronics

20/05/2024 08:07

May 20 (Reuters) - Denso Corp  6902.T :
    * ANNOUNCEMENT REGARDING SALE OF INVESTMENT SECURITIES AND
EXPECTED POSTING OF EXTRAORDINARY GAINS IN NON-CONSOLIDATED
RESULTS
    * TO SELL PORTION OF HOLDINGS IN RENESAS ELECTRONICS
 6723.T 
    * TO SELL 78 MILLION RENESAS SHARES, OR ABOUT 4.4% WORTH OF
OUTSTANDING SHARES EXCLUDING TREASURY SHARES
    * EXPECT TO BOOK ABOUT 175.5 BILLION YEN IN GAINS ON SALE ON
PARENT-ONLY BASIS THIS FY

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Further company coverage:  6902.T   6723.T