financetom
Business
financetom
/
Business
/
Nissan seeks investor to replace some of Renault's equity holding, FT reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nissan seeks investor to replace some of Renault's equity holding, FT reports
Nov 25, 2024 10:21 PM

(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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Everest Group Insider Sold Shares Worth $380,490, According to a Recent SEC Filing
Everest Group Insider Sold Shares Worth $380,490, According to a Recent SEC Filing
May 10, 2024
04:12 PM EDT, 05/10/2024 (MT Newswires) -- Geraldine Losquadro, Director, on May 09, 2024, sold 1,000 shares in Everest Group ( EG ) for $380,490. Following the Form 4 filing with the SEC, Losquadro has control over a total of 12,843 shares of the company, with 12,843 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1095073/000160907924000005/xslF345X03/wk-form4_1715371575.xml Price: 382.92, Change: -0.12, Percent Change: -0.03...
Advanced Micro Devices Insider Sold Shares Worth $19,211,255, According to a Recent SEC Filing
Advanced Micro Devices Insider Sold Shares Worth $19,211,255, According to a Recent SEC Filing
May 10, 2024
04:11 PM EDT, 05/10/2024 (MT Newswires) -- Lisa T Su, Director, Chair, President & CEO, on May 08, 2024, sold 125,000 shares in Advanced Micro Devices ( AMD ) for $19,211,255. Following the Form 4 filing with the SEC, Su has control over a total of 3,715,360 shares of the company, with 3,097,230 shares held directly and 618,130 controlled indirectly....
Valmont Industries Insider Sold Shares Worth $266,441, According to a Recent SEC Filing
Valmont Industries Insider Sold Shares Worth $266,441, According to a Recent SEC Filing
May 10, 2024
04:12 PM EDT, 05/10/2024 (MT Newswires) -- Theodor Werner Freye, Director, on May 09, 2024, sold 1,049 shares in Valmont Industries ( VMI ) for $266,441. Following the Form 4 filing with the SEC, Freye has control over a total of 5,285 shares of the company, with 5,285 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/102729/000090044024000050/xslF345X03/form4.xml Price: 260.25, Change: +0.25, Percent Change:...
ISS backs Crown Castle nominees in board room challenge from Miller's Boots Capital
ISS backs Crown Castle nominees in board room challenge from Miller's Boots Capital
May 10, 2024
NEW YORK, May 10 (Reuters) - Proxy advisory firm Institutional Shareholder Services on Friday recommended Crown Castle ( CCI ) investors back the company's director nominees, dealing a blow to the wireless tower owner's co-founder Ted Miller as he pushes for four board seats. ISS wrote there is no case for incremental change at this juncture after activist investor Elliott...
Copyright 2023-2026 - www.financetom.com All Rights Reserved