With Toyota having sold some of its stake in Denso, KDDI and Harmonic Drive this year, it has set the ball rolling for unwinding its cross-shareholding. In this note, we look at potential candidates.
Boomeranged on Thu, 27 Jun 2024 15:14
Toyota, Toyota Industries and Denso are tag teaming to unwind some of their stake in Aisin, in a deal worth over US$1bn. While the timing of the deal might not be so well flagged, the cross-shareholding unwind won't come as a surprise to the market.
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