Mercedes-Benz has sold its 3.8% stake in Nissan Motor for ¥47.83 billion (around $325 million), according to Kursiv media.
Following this news, Nissan shares dropped by 6%, marking their biggest decline since July. The shares were sold at a price of ¥341.3, with demand exceeding supply, and the top 10 investors purchased 70% of the shares.
Mercedes-Benz stated that this stake was not strategically significant and that the sale was part of a broader effort to "clean up" its portfolio.
Nissan reported a $535 million loss due to declining sales in the U.S. and China, along with increased tariffs. The company’s new CEO, Ivan Espinosa, plans to cut production from 3.5 million to 2.5 million units by 2027.
Additionally, Renault holds a 35.7% stake in Nissan, and experts expect the company to gradually reduce its stake.
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