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China's Great Wall drops bid to buy Nissan's Barcelona plant

Japanese automaker vets other suitors to advance restructuring plan

The Barcelona plant is the largest of Nissan Motor's three factories in Spain. (Photo courtesy of Nissan)

TOKYO -- China's Great Wall Motor has withdrawn from talks to acquire Nissan Motor's auto assembly factory in Barcelona, the Japanese carmaker said in a statement.

Nissan had announced the negotiations in October, looking to reach an agreement before the plant is set to close at the end of the year.

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