Overview

• Mercedes-Benz’s pension vehicle sold its roughly 3.8% holding in Nissan, offering about 140 million shares and raising around ¥47.8 billion (about $325 million).
• The placement was priced at ¥341.30 per share, near the indicated range, with settlement reported for August 28.
• Nissan’s stock fell as much as 6.5%–6.8% intraday on the news and is down about 28% for the year.
• Mercedes-Benz said the stake, managed in its pension funds since 2016, was non‑strategic and the sale was part of a portfolio cleanup.
• Nissan is cutting up to 20,000 jobs, reducing capacity by about 1 million vehicles, and closing plants by 2027 after reporting a $535 million quarterly loss, with investor focus also on partner support as reports suggest Renault may trim its holding.