We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Name | Symbol | Market | Type |
|---|---|---|---|
| Nissan Motor Company Ltd (PK) | USOTC:NSANY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.55% | 5.39 | 5.26 | 5.49 | 5.40 | 5.36 | 5.40 | 145,987 | 22:00:02 |
From Jan 2023 to Jan 2025
By Adria Calatayud
Renault plans to sell a 5% stake in Nissan Motor back to the Japanese carmaker for up to 765 million euros ($823.6 million).
The French company said Tuesday that the sale of the Nissan shares could result in a capital loss of up to EUR1.5 billion which would hit net profit in its own accounts. This is the maximum amount and could be adjusted at year-end, Renault said.
Renault's estimates for the value of the sale and its expected impact assume 211 million Nissan shares are sold at a share price of 568.5 Japanese yen ($3.89),it said.
Renault said the 5% stake in Nissan it is selling back to its Japanese partner is part of a 28.4% stake it transferred to a French trust last month. The sale will be implemented as part of a Nissan share buyback, Renault said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 12, 2023 03:12 ET (08:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
1 Year Nissan Motor (PK) Chart |
1 Month Nissan Motor (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
