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    7201   JP3672400003

NISSAN MOTOR CO., LTD.

(7201)
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Nissan sells its Daimler stake, following Renault

05/04/2021 | 02:35pm EDT
FILE PHOTO: Frankfurt hosts the international Motor Show (IAA)

FRANKFURT (Reuters) - Japan's Nissan Motor said on Tuesday it was selling its roughly 1.5% stake in German carmaker Daimler through an accelerated bookbuild offer, following a similar move by alliance partner Renault in March.

The French carmaker, with Nissan, had exchanged stakes with Daimler a decade ago to strengthen their industrial partnerships.

Cooperation is continuing, Daimler and Renault said earlier this year, although people close to the matter had said larger initial plans never materialised and the cross-shareholdings were no longer deemed necessary.

Investors were guided to expect the shares to price at 69.85 euros each, a bookrunner organising the deal said.

At that price, Nissan would reap just over 1 billion euros ($1.2 billion) from the deal.

Daimler shares closed at 72.41 euros a share on Tuesday.

Bank of America and Societe Generale are organising the block trade.

($1 = 0.8319 euros)

(Reporting by Arno Schuetze; Editing by Mark Potter and Bernadette Baum)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DAIMLER AG -1.90% 72.36 Delayed Quote.27.63%
NISSAN MOTOR CO., LTD. -1.03% 557.9 End-of-day quote.-0.38%
RENAULT -6.44% 33.07 Real-time Quote.-1.16%
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Financials
Sales 2021 7 703 B 70 890 M 70 890 M
Net income 2021 -455 603 M -4 193 M -4 193 M
Net Debt 2021 5 928 B 54 553 M 54 553 M
P/E ratio 2021 -4,96x
Yield 2021 -
Capitalization 2 264 B 20 873 M 20 837 M
EV / Sales 2021 1,06x
EV / Sales 2022 0,91x
Nbr of Employees 136 134
Free-Float 45,6%
Chart NISSAN MOTOR CO., LTD.
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Nissan Motor Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends NISSAN MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 637,06 JPY
Last Close Price 578,60 JPY
Spread / Highest target 156%
Spread / Average Target 10,1%
Spread / Lowest Target -43,0%
EPS Revisions
Managers and Directors
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Yasushi Kimura Chairman
Anthony Thomas Chief Information Officer
Ashwani Gupta COO & Representative Executive Officer
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-0.38%20 958
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