Nissan to raise Calsonic Kansei stake to 41.7 pct


TOKYO, Nov 30 (Reuters) - Nissan Motor Co. will pay 40.46 billion yen ($393 million) to raise its stake in car parts maker Calsonic Kansei Corp. to 41.7 percent from 27.6 percent, the two companies said on Tuesday. Nissan, Japan's second-biggest auto maker, held 44 percent by France's Renault SA , will buy all of the 52 million new shares to be issued by Calsonic Kansei for 778 yen each, making the company a consolidated unit. The payment will be made by January 11. ($1=102.87 Yen)

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