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An announcement from Nissan Motor Co ( (JP:7201) ) is now available.
Nissan Motor Co. announced an amendment to its alliance agreement with Renault S.A., its largest shareholder, to increase flexibility in their cross-shareholdings. The amendment reduces the lock-up undertaking from 15% to 10%, allowing both companies to lower their shareholding to a minimum of 10% without obligation. This change ensures Nissan’s operational independence while maintaining board representation for both companies, with no risk of conflict of interest for ordinary shareholders.
The most recent analyst rating on (JP:7201) stock is a Sell with a Yen390.00 price target. To see the full list of analyst forecasts on Nissan Motor Co stock, see the JP:7201 Stock Forecast page.
More about Nissan Motor Co
Nissan Motor Co., Ltd. is a prominent player in the automotive industry, known for manufacturing a wide range of vehicles, including cars, trucks, and electric vehicles. The company focuses on innovation and sustainability, aiming to enhance its market presence globally.
Average Trading Volume: 26,816,920
Technical Sentiment Signal: Sell
Current Market Cap: Yen1194.2B
For an in-depth examination of 7201 stock, go to TipRanks’ Overview page.