Japan’s MUFG, SMFG to sell more than $8.5 billion of Toyota shares, Bloomberg reports

06/06/2024

Less than a minute

2024.06.06 23:19

TOKYO (Reuters) -Mitsubishi UFJ Financial Group and Sumitomo Mitsui (NYSE:) Financial Group are considering selling 1.32 trillion yen ($8.5 billion) worth of strategic shareholdings in Toyota Motor (NYSE:), Bloomberg News reported on Friday, citing sources.

© Reuters. FILE PHOTO: A Toyota logo is pictured in Brussels, Belgium March 4, 2024. REUTERS/Yves Herman/File Photo

The two Japanese megabanks seek to sell into Toyota’s share buybacks, Bloomberg said, citing people with knowledge of the matter.

($1 = 155.8100 yen)

06/06/2024

Less than a minute

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