Toyota Tsusho to Sell 13% Stake in Integra Coal Venture

Toyota Tsusho Corp. will sell a 13 percent stake in the Integra Coal Joint Venture in New South Wales, Australia, reducing its share to 15 percent, according to a release on its website.

Nippon Steel Corp., JFE Steel Corp., Posco and Chubu Electric Power Co. will purchase the shares.

Nippon Steel will acquire 2.35 percent, raising its stake to 5.95 percent. JFE Steel will acquire 2.35 percent, raising its stake to 4.15 percent. Posco will acquire 2.35 percent, raising its stake to 5.95 percent. Chubu Electric will buy an initial 5.95 percent stake.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

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