Bosch sells stake in Japan's Denso for 1.1 bln eur

FRANKFURT Thu Nov 8, 2012 2:16am EST

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FRANKFURT Nov 8 (Reuters) - German auto parts supplier Bosch said it sold its 5 percent stake in Japanese peer Denso for roughly 1.1 billion euros ($1.40 billion) to fund investments and strategic acquisitions.

Bosch said on Thursday that the roughly 46 million shares it held in the Japanese auto parts manufacturer since the mid-1950s were considered to be only a financial investment and that they were sold in recent days. ($1 = 0.7840 euros) (Reporting By Christiaan Hetzner)