Nissan to sell 16.4 million Daimler shares

Nissan Motor, on Tuesday, announced that it is selling 16.4 million shares in German carmaker Daimler through an accelerated bookbuild offer.

Investors were guided to expect pricing near Tuesday’s closing price of 72.41 euros a share, a bookrunner organising the deal said.

Bank of America and Societe Generale are organising the block trade.