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Business deals

Nissan cancels $900m sale of battery subsidiary to China's GSR

Deal collapses due to lack of capital at investment fund

AESC produces lithium-ion batteries for the Nissan Leaf.   © Reuters

TOKYO -- Nissan Motor announced Monday that the planned sale of its electric-car battery unit to GSR Capital had been canceled, citing a lack of funds on the part of the Chinese investment vehicle.

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