Archion announced on the 6th that it will offer up to approximately 906.03 million shares. Toyota Motor and Daimler Truck will sell their holdings. The offering includes 425.44 million shares in Japan and 362.41 million shares overseas, with an additional offering of up to 118.17 million shares depending on demand. Hino Motors disclosed in June last year that after a business integration with Mitsubishi Fuso Truck and Bus, the voting rights ratio of Toyota would be reduced to 19.9% and that of Daimler Truck to 26.7% within a certain period. Archion is a holding company established through the business integration of Hino Motors and Mitsubishi Fuso Truck and Bus, and it listed on the Tokyo Stock Exchange Prime Market in April.
Toyota Motor Corp.Toyota Motor is selling its holdings in Archion, reducing its stake and signaling capital divestment.
Daimler Truck Holding AGDaimler Truck is selling its holdings in Archion, indicating a reduction in its stake and potential capital outflow.