Nissan sells portion of stake in Mitsubishi
Sales from liquidated asset will help company’s ‘financial flexibility’
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).
Per 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
-
-
-
-
CAMPI-TMA sales grow 8.9% in Jan.-Oct. 2024Ruben Manahan IV . Nov 15, 2024
-
-
VinFast sells over 11k EVs in Oct. 2024Paulo Papa . Nov 15, 2024
-
-
-
Honda Cars PH adds new color option for BR-VRuben Manahan IV . Nov 13, 2024
-
-
Fuel prices to go up anew this weekRuben Manahan IV . Nov 11, 2024
-
Suzuki PH opens Otis dealershipRuben Manahan IV . Nov 13, 2024
Recommended Articles For You
-
-
-
Nissan Tayabas-Quezon opensPaulo Papa . Sep 18, 2024
-
All-new Nissan Patrol breaks coverPaulo Papa . Sep 06, 2024
-
-
Mitsubishi joins Nissan-Honda partnershipRuben Manahan IV . Aug 02, 2024
Featured Nissan Cars
- Latest
- Upcoming
- Popular
Nissan Car Articles From Zigwheels
- News
- Article Feature
- Road Test
-
Nissan shares 5 sustainable facts to bust carbon neutrality mythsPaulo Papa . Nov 08, 2024
-
Nissan’s global production for e-POWER cars surpasses 1.5-MCesar Miguel . Nov 06, 2024
-
9th PIMS: Nissan PH starts accepting pre-orders for Z NISMORuben Manahan IV . Oct 25, 2024
-
9th PIMS: Nissan PH to offer limited-run Navara, Kicks e-PowerRuben Manahan IV . Oct 23, 2024
-
9th PIMS: Nissan PH to offer limited-run Navara, Kicks e-PowerRuben Manahan IV . Oct 23, 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
-
Suzuki Dzire vs. the competitionHazel Nicole Carreon . Dec 21, 2023
-
Here are some of the best sub-P900K sedans in the Philippines todayPaulo Papa . Dec 19, 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
