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Toyota group firms plan $4.7 billion sale of Denso stake | Reuters Information Company

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AutomotiveOffers

Reuters solely reported that Toyota Motor (7203.T) and two associates plan to promote about 10% of elements maker Denso (6902.T) by year-end, a stake probably price about $4.7 billion.

Market Impression

Toyota Motor, which held some 24.2% p.c of Denso as of the tip of September, is anticipated to stay as the highest shareholder. Patrons of the shares are anticipated to largely be home traders, and the worth has but to be decided, the sources stated. 

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