TOKYO -- With an activist fund becoming Nissan Motor's fifth-largest shareholder, speculation is growing that the struggling automaker may be pressured to delist a vehicle assembly subsidiary.
A Nissan securities report filed Nov. 11 revealed that a fund tied to Effissimo Capital Management, a Singapore-based activist investor, had taken a 2.5% stake in the Japanese automaker. Effissimo also holds a 29.68% stake in Nissan Shatai, a vehicle assembly unit, according to a separate filing by the fund.
