“In light of the recent trend to reduce cross-shareholdings, Mitsubishi Motors has decided to repurchase its own shares from Nissan Motor after considering ways to improve capital efficiency and expand shareholder returns.”
What does it indicate?
Mitsubishi Motors will acquire a maximum of 149,028,300 shares from Nissan. This transaction will lower Nissan's current stake of 506,620,577 shares in Mitsubishi Motors.
The repurchase price of JPY 460.6 per share is based on the closing price of Mitsubishi Motors' shares on November 7, 2024. Despite this share transaction, both companies have affirmed their commitment to continued collaboration within their existing alliance framework. They aim to focus on innovation and value creation projects that align with industry trends.
“Mitsubishi Motors and Nissan will continue their collaborative efforts to drive innovation and deliver exceptional value to their stakeholders. Together, the Alliance companies are actively engaged in high-value creation projects that respond to evolving industry trends.”
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