Mazda: Ford to sell 20 pct stake in Mazda

martedì 18 novembre 2008 10:10

TOKYO Nov 18 (Reuters) - Mazda Motor Corp (7261.T: Quotazione) said on Tuesday that Ford Motor Co (F.N: Quotazione) would sell a 20 percent in the Japanese automaker.

Mazda said it would buy back 6.87 percent of its own shares from Ford for up to 17.9 billion yen ($185 million).

Ford will remain Mazda's top shareholder with just over 13 percent. (Reporting by Chang-Ran Kim)