MOSCOW (Sputnik) – Japan’s Nissan Motor announced on Wednesday selling all of its shares in the German automaker company Daimler for a total of 1.15 billion euros ($1.38 billion) to use the proceeds on the development of electric vehicles.
Nissan has about 16.5 million shares, equivalent to 1.54% of Daimler’s issued shares, according to the statement.
Daimler logo. (File)
Nissan’s alliance partner Renault sold its Daimler shares in March. Like Nissan now, the French carmaker stressed that the sale would not affect the partnership.
Sourse: sputniknews.com
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