Yamaha Corp to sell 7.8 pct stake in Yamaha Motor

Newswire

TOKYO, May 21 (Reuters) - Japan's Yamaha Corp. will sell 7.8 percentage points of its 22.7 percent stake in Yamaha Motor Co. in a move that would remove the motorcycle maker from its equity accounting method, it said on Monday. Yamaha Corp., a maker of musical instruments, will sell 3.0 percent to trading house Mitsui & Co. and the remaining 4.8 percent in block trading by the end of the month, it said in a statement. The sale will result in a special profit of 29 billion yen ($239 ...

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