TOKYO, June 25 Reuters Toyota sold 2 billion worth of cross shareholdings of listed companies in the year that just ended, the Japanese automaker disclosed in a regulatory filing on Tuesday.
The world39;s topselling automaker sold 325.9 billion yen 2.04 billion worth of such shares in the business year to endMarch.
It still has 124 such stakes, from 141 previously, the filing showed.
The scope of its crossshareholding and the pace of the selling is being closely watched by the market, given Toyota39;s influence and stature in corporate Japan.
Toyota reduced its stakes in airlines ANA Holdings, Japan Airlines and East Japan Railway to zero. Those firms did not hold shares of the car maker.
1 159.4300 yen
Reporting by Daniel Leussink; Editing by Muralikumar Anantharaman
Source Reuters