Worl

Nissan mulls sale of 34% stake in Mitsubishi Motors, says Bloomberg

Reuters Tokyo | Updated on November 16, 2020 Published on November 16, 2020

There’s however, no plan to change the capital structure with Mitsubishi, said the car maker

Nissan Motor Co. may sell its 34 per cent stake in Mitsubishi Motors Corp in what would be a fundamental change in a three-way alliance that also includes French car maker Renault SA, Bloomberg News reported, citing unidentified sources.

Nissan is considering looking for potential buyers, which could include other shareholders such as trading company Mitsubishi Corp, because it is worried it may struggle to recover from a downturn caused by the coronavirus pandemic, Bloomberg said.

“There are no plans to change the capital structure with Mitsubishi,” Nissan said in an emailed statement.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on November 16, 2020
automobiles (industry)
restructuring and recapitalisation
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.