Nissan announces the sale of a 10.02% stake in Mitsubishi Motors, reducing its ownership to 24% to boost financial flexibility while supporting ongoing Alliance collaborations.

Nissan to Sell 10% Stake in Mitsubishi Motors, Retaining Alliance Collaboration

Nissan announces the sale of a 10.02% stake in Mitsubishi Motors, reducing its ownership to 24% to boost financial flexibility while supporting ongoing Alliance collaborations.

Nissan Motor Co., Ltd. announced plans to sell up to 149,028,300 shares, approximately 10.02% of Mitsubishi Motors Corporation (MMC).

This move reduces Nissan’s stake in MMC from 34.07% to approximately 24%, a shift aimed at increasing Nissan’s financial flexibility while supporting MMC’s management goals.

The sale, set at today’s Tokyo Stock Exchange closing price of 460.6 yen per share, will proceed through the ToSTNeT-3 off-floor purchase system at 8:45 AM on November 8, 2024.

Despite the reduction in shares, Nissan and MMC reaffirm their commitment to collaborative projects within the Alliance, focusing on innovation and value creation aligned with shifting industry trends.

Source: Nissan Sells Stake in Mitsubishi Motors: Key Details and Implications

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