Mazda to issue new shares for Toyota to take stake: Nikkei
TOKYO (Reuters) - Mazda Motor Corp <7261.T> will issue new shares to Toyota Motor Corp <7203.T> as part of an agreement that will see Toyota take a roughly 5 percent stake in its smaller rival, the Nikkei business daily reported in its online edition.
Toyota President Akio Toyoda and Mazda President Masamichi Kogai will hold a joint news conference as early as Friday to announce the deal, the paper said, without citing its sources.
The Nikkei earlier reported the plan for a capital alliance. Toyota and Mazda have said they would discuss cooperation at a board meeting Friday.
(Reporting by Tokyo Newsroom; Editing by Clara Ferreira Marques)
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