Nissan Motor Corporation ¥237.362 billion acquisition of 34% stake in Mitsubishi Motors Corporation

20/10/2016
Joint venture, Public acquisition

¥ 237.362 billion

$ 2.097 billion

Completed

20/10/2016


Overview:

  • Nissan Motor and Mitsubishi Motors Corporation have formed a strategic alliance with Nissan also acquiring a 34% stake in Mitsubishi.
  • The deal saw Nissan pay ¥468.52 per share for the stake.
  • The deal came amount due to the scandal that enveloped Mitsubishi related to reports around fuel consumption data.
  • Part of the alliance will see the two companies share hybrid and autonomous-driving technology.
  • According to Bloomberg the combination of the two and Renault creates the world's fourth largest automotive group.

Sam Duke - Editor

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