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Japan to tighten grip on Toyota SA

2008-05-28 08:09
Toyota Corolla

The investment group Wesco Investments is in talks to sell its stake in Toyota SA to the Japanese parent company.

Johannesburg - Investment group Wesco Investments issued a cautionary on Tuesday saying it has entered into discussions in respect of a proposed disposal of its 25% interest in Toyota South Africa Limited to Toyota Motor Corporation of Japan, the successful outcome of which may have a material effect on the price at which Wesco shares trade on the JSE Limited.

It advised Wesco shareholders to exercise caution in dealing in their shares until a further announcement is made in this regard.

 

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