Toyo sells half its Bridgestone shares

The board of directors of Toyo Tire has decided to sell a portion of its stock holdings in Bridgestone. Despite announcing the sale of 50 per cent of its more than 3.8 million shares in Bridgestone on 28 November, the company confirmed it will maintain its mutual shareholding for the time being at least. The sale is expected to be completed by 29 February 2020.