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Nissan seeks investor to replace some of Renault's equity holding, FT reports
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Nissan seeks investor to replace some of Renault's equity holding, FT reports
Nov 25, 2024 10:20 PM

Nov 26 (Reuters) - Nissan Motor ( NSANF ) is looking for

a long-term investor, such as a bank or insurance group, to help

it replace some of Renault's diluted stakeholding, the

Financial Times reported on Tuesday.

Nissan ( NSANF ), Japan's third-largest automaker by vehicle sales,

has not ruled out having second-ranked Honda Motor ( HMC ) buy

some of its shares, the paper said, citing two unidentified

people with knowledge of the talks.

Nissan ( NSANF ) this month issued a profit warning and announced

plans to cut 9,000 jobs globally, hit particularly by weak sales

in the United States and China, its two biggest markets.

Asked about the FT report, Nissan ( NSANF ) said it would not comment

on "articles based on speculation".

(Reporting by Kanjyik Ghosh and Kantaro Komiya; Editing by

Abinaya Vijayaraghavan and Muralikumar Anantharaman)

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