Nissan ‘exploring’ possible sale of 34% stake in Mitsubishi Motors

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(Reuters) – Nissan Motor Co. may sell its 34% 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

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