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

TOKYO (Reuters) - Nissan Motor Co. <7201.T> may sell its 34% stake in Mitsubishi Motors Corp <7211.T> in what would be a fundamental change in a three-way alliance that also includes French car maker Renault SA <RENA.PA>, Bloomberg News reported, citing unidentified sources.

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Nissan is considering looking for potential buyers, which could include other shareholders such as trading company Mitsubishi Corp <8058.T>, 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)

Read the original article on Reuters. Copyright 2020. Follow Reuters on Twitter.
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