Nissan to buy back up to Y11 bln of own shares

Newswire

TOKYO, April 23 (Reuters) - Japan's third-largest car maker, Nissan Motor Co Ltd , said on Wednesday it would buy back up to 10.74 million of its own shares, worth up to 11 billion yen ($91.75 million). The repurchase will take place between April 24 and June 18, the company said in a statement. Nissan, owned 44.4 percent by France's Renault , said earlier that it posted a 51 percent rise in operating profit and forecast further growth powered by product launches in the key U.S. market ...

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