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Business

Nissan eyes sale of Calsonic Kansei stake to KKR

TOKYO -- Nissan Motor has solidified plans to sell its interest in group autoparts maker Calsonic Kansei to U.S. investment firm Kohlberg Kravis Roberts, aiming to fund the development of cutting-edge technology.

KKR intends to acquire all outstanding Calsonic Kansei shares, including Nissan's 41.6% stake, via a tender offer. The total purchase price could reach around 400 billion yen ($3.8 billion). Calsonic Kansei is listed on the first section of the Tokyo Stock Exchange.

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