Bridgestone among 30 buyers of Mazda shares from Ford

HONG KONG (MarketWatch) — More than 30 firms were among buyers of the 13% stake in Mazda Motor Corp. sold by Ford Motor Co. earlier this week, including business partners Bridgestone Corp. , Panasonic Corp. , and Kajima Corp. , each of which purchased 0.25% of Mazda’s outstanding shares, according to the Nikkei newspaper Thursday, which did not say where it got the information. Mitsui Sumitomo Insurance Co., Sumitomo Mitsui Banking Corp. and Hiroshima Bank , financial institutions with close working ties to the automaker, picked up stakes of 1% of its outstanding shares. Others buyers included insurers Sompo Japan Insurance Inc., Nippon Insurance Co. , and Sumitomo Life Insurance Co. Ford sold 20% of it 33% stake in Mazda earlier this week, as part of efforts to raise cash. Mazda purchased about a third of the shares, equivalent to about a 6.8% of outstanding shares. […]

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