Toyota group to offload 8% stake in Denso, investors want more unwinding

Toyota group to offload 8% stake in Denso, investors want more unwinding

FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland, March 5, 2019. REUTERS/Denis Balibouse/File Photo

Toyota and two affiliates will divest at least 8% of supplier Denso, the companies said on Wednesday, a $4 billion deal that sparked investor hopes the world’s top-selling automaker will shed more of its numerous cross-shareholdings.