TOKYO (Reuters) -Toyota Motor Corp said on Friday it has decided to sell around a 250 billion yen ($1.80 billion) stake in KDDI Corp.
The world’s largest automaker by sales said the Japanese telecom company will buy back shares at 3,900 yen a piece, the company said in a statement.
Toyota’s stakes in KDDI will fall to 11.71% from 14.68%.
($1 = 139.0500 yen)
(Reporting by Satoshi Sugiyama; Editing by Tom Hogue and Jacqueline Wong)
