Nissan Motor Co., Ltd. announced plans to sell up to 149,028,300 shares of Mitsubishi Motors Corporation (MMC), amounting to approximately 10.02% of MMC’s total issued shares (excluding treasury shares). This move will reduce Nissan’s stake in MMC from 34.07% to around 24%, effectively realigning its investment in the Alliance partner.
The share sale is scheduled to occur at today’s closing price of 460.6 yen per share through the Tokyo Stock Exchange’s ToSTNeT-3 off-floor purchase trading system at 8:45 AM. Nissan expects the transaction to increase its financial flexibility, positioning the automaker for new growth opportunities while aligning with MMC’s strategic management goals.
Despite this reduction in ownership, Nissan and MMC reaffirmed their commitment to continued collaboration within the Alliance. Both companies will remain focused on shared innovation projects that address shifting industry demands, delivering value to stakeholders and advancing mutual goals.
