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Mercedes-Benz offloads Nissan stake for $325 million
Mercedes-Benz Pension Trust is divesting its 3.8% stake, representing 2.7% of its holdings, as part of portfolio cleanup amid Nissan's restructuring and market challenges.
- Mercedes-Benz's pension trust will divest its stake worth roughly $346 million in Nissan Motor.
- Nissan stake makes up 2.7% of Mercedes-Benz's total holdings, with Daimler Truck constituting nearly 93%.
- Mercedes-Benz is Nissan's second-largest shareholder after Renault's 35.7% stake, according to LSEG data.
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Mercedes-Benz offloads Nissan stake for $325 million, source says
The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan's Nissan Motor for 47.83 billion yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday.
·United Kingdom
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Coverage Details
Total News Sources25
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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