Toyota Plans $4.7 Billion Sale of Denso Stake, Reuters Says (2)

Toyota Group companies plan to reduce their holdings in Denso Corp. by selling a roughly 10% stake in the supplier, Reuters reported Tuesday.

The sale is likely to be worth about $4.7 billion and could be concluded by the end of this year, according to the report, which cited two people familiar with the matter it didn’t identify.

Denso shares fell 4.9% in Tokyo, the biggest loss since September last year.

Toyota is expected to remain Denso’s top shareholder after the sale, the report said. A collection of Toyota companies owns a combined 33.6% of Denso, according to data ...