07.06.2024 07:31:22 - dpa-AFX: Mitsubishi UFJ Financial, Sumitomo Mitsui To Sell More Than $8.5 Bln Of Toyota Shares : Report

TOKYO (dpa-AFX) - Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui
Financial Group Inc. are set to commence divesting approximately 1.32 trillion
yen or $8.5 billion worth of strategic shareholdings in Toyota Motor Corp.
(TYT.L, TM), Bloomberg reported citing people familiar with the matter.

The banks plan to conduct the sales gradually and capitalize on Toyota's
initiative to repurchase its own shares, the report said.

Last Month, Toyota Motor said it set aside 1 trillion yen as the maximum limit
of share repurchases and would cancel 520 million shares, equivalent to 2
trillion yen worth of treasury shares.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
MITSUBISHI UFJ FINL GRP 657892 Frankfurt 9,774 04.11.24 21:49:37 +0,017 +0,17% 0,000 0,000 9,801 9,774
SUMITOMO MITSUI FINL GRP 778924 Frankfurt 19,870 04.11.24 16:39:10 +0,612 +3,18% 0,000 0,000 19,256 19,870
TOYOTA MOTOR CORP. 853510 Frankfurt 15,662 04.11.24 21:49:37 -0,140 -0,89% 0,000 0,000 16,240 15,662

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