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Nissan is looking forward to $1 billion deal

Nissan Motor Co Ltd is hoping to sell its vehicle parts and materials appropriation business in an arrangement that might be esteemed at about $1 billion, Bloomberg provided details on Wednesday, as the suffering Japanese carmaker tries to slim down.

nissanPhoto: Flickr

The carmaker looked for offers from private equity and exchanging companies for the entire Nissan Trading Co and a purchaser will be chosen by October, Bloomberg stated, referring to individuals acquainted with the issue.

The deal procedure for the unit is continuous and no understandings have been come to yet, the report showed.

Nissan didn’t provide any comments yet.

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  • avatar-895
    • #

    Asian automakers are struggling because of the extended Sino-U.S. trade row, it already feels in all major segments, but auto market suffers the most, I guess.

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