Nissan sells portion of stake in Mitsubishi
Nissan Motor Company Limited has sold a portion of its stake in Mitsubishi Motors Corporation (MMC).
KEY TAKEAWAYS
Who bought the stocks Nissan sold?
Mitsubishi bought back a portion of its stocks owned by Nissan.How much of Mitsubishi does Nissan own after the sale?
Nissan now owns 34.07 of Mitsubishi.According to Nissan, Mitsubishi bought back a total of 10.02 percent (149,028,300 shares) from the former. On that note, the Yokohama-based carmaker stake in its Minato-headquartered Alliance co-member now stands at 34.07 percent (506,620,577 shares).
Photo from Ruben Manahan IVPer Nissan, the liquidated stocks will enhance its financial flexibility.
“This transaction will support MMC’s management strategy as well as enhance Nissan’s financial flexibility, paving the way for future growth opportunities,” the company wrote in a press statement.
“Nissan and MMC will continue their collaborative efforts to drive innovation and deliver exceptional value to their stakeholders. Together, the Alliance companies are actively engaged in high-value creation projects that respond to evolving industry trends,” it added.
Also read:
Nissan PH to bring in more Z units before end of Q4 2024
New Nissan Almera VL Sport launched in PH priced at P1.195 million
Featured Articles
- Latest
- Popular
-
Omoda, Jaecoo officially enters PH marketPaulo Papa . Feb 19, 2025
-
Pump prices to increase tomorrowPaulo Papa . Feb 17, 2025
-
-
-
-
Geely officially launches PH subsidiaryRuben Manahan IV . Feb 13, 2025
-
-
-
Geely officially launches PH subsidiaryRuben Manahan IV . Feb 13, 2025
-
Pump prices to increase tomorrowPaulo Papa . Feb 17, 2025
-
-
Omoda, Jaecoo officially enters PH marketPaulo Papa . Feb 19, 2025
Recommended Articles For You
-
-
-
Nissan Tayabas-Quezon opensPaulo Papa . Sep 18, 2024
-
All-new Nissan Patrol breaks coverPaulo Papa . Sep 06, 2024
-
Featured Nissan Cars
- Latest
- Upcoming
- Popular
Nissan Car Articles From Zigwheels
- News
- Article Feature
- Road Test
-
Nissan to 'rightsize' 3 manufacturing facilitiesCesar Miguel . Feb 14, 2025
-
Nissan, Honda end business merge discussionsRuben Manahan IV . Feb 13, 2025
-
Nissan to further sustainability goals with expanded use of ‘green steel’ in JapanPaulo Papa . Feb 11, 2025
-
Nissan PH's new Sucat dealership set to boost brand's presence in NCRRuben Manahan IV . Feb 03, 2025
-
Nissan PH to introduce 7th-gen Patrol?Ruben Manahan IV . Jan 31, 2025
-
Zigwheels PH Top 5 most searched pickup trucks for 2024Cesar Miguel . Dec 09, 2024
-
Zigwheels PH Top 5 most searched SUV models for 2024Cesar Miguel . Dec 06, 2024
-
Toyota Corolla Cross vs. the competitionPaulo Papa . May 21, 2024
-
Hard-hitting hybrids: Toyota Corolla Cross vs. Nissan Kicks e-PowerPaulo Papa . Apr 22, 2024
-
Suzuki Ertiga: Enticing alternativesPaulo Papa . Dec 29, 2023
-
Stellar return: Nissan Livina VLRuben Manahan IV . Jan 03, 2024
-
A cure for lockdown blues: 2022 Nissan Terra VL 4x2Roy Robles . Sep 01, 2021
-
Nissan Terra 2.5L VL 4X4 7AT: The smartest SUV of them allEric Tipan . May 08, 2020
-
5 beast-mode features of the top-shelf Nissan NP300 NavaraEric Tipan . Apr 09, 2020
-
When Luke Drove the Nissan JukeZigwheels PH Team . May 16, 2016
