Reuters logo
5 years ago
Bosch sells stake in Japan's Denso for 1.1 bln eur
November 8, 2012 / 7:17 AM / 5 years ago

Bosch sells stake in Japan's Denso for 1.1 bln eur

FRANKFURT, Nov 8 (Reuters) - German auto parts supplier Bosch said it sold its 5 percent stake in Japanese peer Denso for roughly 1.1 billion euros ($1.40 billion) to fund investments and strategic acquisitions.

Bosch said on Thursday that the roughly 46 million shares it held in the Japanese auto parts manufacturer since the mid-1950s were considered to be only a financial investment and that they were sold in recent days. ($1 = 0.7840 euros) (Reporting By Christiaan Hetzner)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below