Nissan to raise Calsonic Kansei stake to 41.7 pct

Newswire

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)

Premium Content (PAID Subscription Required)

"Nissan to raise Calsonic Kansei stake to 41.7 pct" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×