Nissan aims to the acquisition of Mitsubishi Motors

9 years ago - Published in Finance, Fundamental Analysis

Nissan confirmed that it had initiated talks to acquire Mitsubishi Motors. The automaker is ready to invest 200 billion yen ($ 1.8 billion) for about a third of the capital which would give him control over his competitor. Mitsubishi had lost about 42% of its market value in a scandal related to the tests on the efficiency of rigged engines, hence the opportunity for Nissan.

Carlos Ghosn, CEO of Nissan and Renault, have postponed a press conference today on the annual budget just to convoke another in order to announce the investment in Mitsubishi Motors.

Investors welcomed the news with some favor, making staple of purchase requisitions for the title of Mitsubishi Motors, back from a decline due to the scandal since April 20.