TOKYO (Reuters) -The pension trust of German automaker Mercedes-Benz has sold its entire shareholding in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source said on Tuesday. The secondary sale of shares were priced at 341.3 yen ($2.32) per share, the source said, a 5.98% discount to the closing price on Monday of […]
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Mercedes-Benz’ pension trust sells Nissan holding for $324 million, source says
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TOKYO (Reuters) -The pension trust of German automaker Mercedes-Benz has sold its entire shareholding in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source said on Tuesday.
The secondary sale of shares were priced at 341.3 yen ($2.32) per share, the source said, a 5.98% discount to the closing price on Monday of 363 yen.
($1 = 147.3300 yen)
(Reporting by Miho Uranaka and Anton Bridge; Editing by Christian Schmollinger)