ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Nissan may sell entire Calsonic Kansei stake

Nissan Motor is adding finishing touches to its group reorganization efforts with a sale of its stake in Calsonic Kansei.

TOKYO -- Nissan Motor is considering liquidating its 41% interest in autoparts maker Calsonic Kansei, with an eye toward using the proceeds to bolster electric vehicle and artificial intelligence R&D.

The Japanese automaker plans to solicit a first round of bids in June. The sale may raise more than 100 billion yen ($913 million), based on Calsonic Kansei's roughly 240 billion yen market capitalization at the close of trading Monday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more