The sale took place against the backdrop of investing investors about prospects for the company’s restoration, having losses in major markets in the United States and China.
Mercedes-Benz sold the entire Nissan motor stake for 47.83 billion yen ($ 325 million). It was reported by the Reuters resource on Tuesday, August 26th.
The Mercedes-Benz Pension Trust of the German automaker implemented 3.8% of the Japanese Nissan motor sharing at 47.83 billion yen ($ 324.65 million), a resource familiar to the transaction said on Tuesday.
After the Nissan Share announcement on Monday, more than 6%, it was the biggest autumn day since the beginning of July.
The sale took place against the background of investing investors about prospects for the company’s restoration, having losses in the major U.S. and China markets and recently reported a quarterly loss of $ 535 million.
Mercedes-Benz implemented a package at a price of 341.3 yen per part, which is 5.98% lower than Nissan’s excerpts on Monday. The demand exceeds the number of distributed issues, while 70% of the package is obtained by the ten largest investors, the source is mentioned.
Mercedes-Benz explained that this package had no strategic importance and was transferred to pension assets in 2016.
Renault remains Nissan’s largest shareholder with a part of 35.7%. The French car manufacturer last month recorded a writing -off of $ 11 billion in this investment.
Earlier, the general director of Mercedes-Benz Ola Kallenius has called on the EU to change plans for the ban on the sale of new cars with internal combustion engines since 2035, warning that otherwise the automotic European industry will snatch the full speed on the wall. “
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.