BRIEF-Honda, Nissan - Aim To Set Up Holding Company In August 2026-February 2024-www.financetom.com

BRIEF-Honda, Nissan - Aim To Set Up Holding Company In August 2026

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BRIEF-Honda, Nissan - Aim To Set Up Holding Company In August 2026

Dec 23, 2024 12:40 AM

Dec 23 (Reuters) - Honda Motor ( HMC ), Nissan Motor Co

Ltd ( NSANF ):

* HONDA ( HMC ), NISSAN ANNOUNCE SIGNING OF BASIC AGREEMENT TO

CONSIDER

INTEGRATION

* WILL AIM FOR COMBINED SALES OF 30 TRLN YEN THROUGH

POTENTIAL

MERGER

* WILL AIM FOR OPERATING PROFIT OF MORE THAN 3 TRLN YEN

ANNUALLY

COMBINED

* AIM TO SET UP HOLDING COMPANY IN AUGUST 2026

* AIM TO CONCLUDE TALKS AROUND JUNE 2025

* BOTH COMPANIES' SHARES TO BE DELISTED AROUND END-JULY TO

AUGUST

2026

* HOLDING COMPANY PRESIDENT TO BE APPOINTED BY HONDA

* MAJORITY OF INTERNAL, EXTERNAL BOARD MEMBERS TO BE

APPOINTED BY

HONDA

* HOLDING COMPANY TO BE LISTED AUGUST 2026

Further company coverage:

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