Top
image credit: Pixabay

Nissan seeks sale of trading unit in $1 billion deal, report says

September 18, 2019

TOKYO — Nissan is seeking to sell a wholly owned subsidiary that distributes vehicle parts and materials in a deal that may be valued at about $1 billion, as the struggling Japanese automaker seeks to slim down, people familiar with the matter said.

The company has invited private equity and trading firms to bid for 100 percent of Nissan Trading, according to the people, who asked not to be identified because the information is not public.

Read More on Automotive News