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Nissan 'exploring' possible sale of 34per cent stake in Mitsubishi Motors: Bloomberg

Nissan 'exploring' possible sale of 34per cent stake in Mitsubishi Motors: Bloomberg

FILE PHOTO: Mitsubishi Mi-Tech concept car is seen in Tokyo Motor Show in Tokyo, Japan October 24, 2019. REUTERS/Soe Zeya Tun

TOKYO: Nissan Motor Co. may sell its 34per cent stake in Mitsubishi Motors Corp in what would be a fundamental change in a three-way alliance that also includes French car maker Renault SA , Bloomberg News reported, citing unidentified sources.

Nissan is considering looking for potential buyers, which could include other shareholders such as trading company Mitsubishi Corp , because it is worried it may struggle to recover from a downturn caused by the coronavirus pandemic, Bloomberg said.

"There are no plans to change the capital structure with Mitsubishi," Nissan said in an emailed statement.

(Reporting by Tim Kelly; Editing by Jacqueline Wong)

Source: Reuters

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