June 28, 2018 / 1:59 AM / in 3 months

Philippine firm GT Capital to buy Toyota Motor stake worth up to $202 mln

June 28 (Reuters) - Philippine conglomerate GT Capital Holdings Inc said on Thursday it would buy Toyota Motor Corp shares worth up to 22.2 billion yen ($201.6 million).

The stake purchase will be debt funded and executed on the Tokyo Stock Exchange, based on the current prevailing rates on the dates of execution, GT Capital said in a statement. ($1 = 110.1100 yen) (Reporting by Aaron Saldanha in Bengaluru; Editing by Amrutha Gayathri)

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