Automaker giant Toyota (TYO:7203) could offload $19 billion worth of its stock via banks and insurance companies, Reuters News reported on Thursday, citing unnamed sources.
The planned divestment might commence as early as this year, though its final scale and timing remain fluid based on shareholder participation, the news wire said.
The entire plan could still be abandoned depending on stakeholder sentiment, the publication said, citing the source.
Reuters said Toyota declined to comment on information it considers non-public.
Toyota has not replied to MTNewswire's queries at press time.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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