Nissan Accepts Third-Party Share Allocation from Tonichi Carlife Group
TOKYO, Jan. 18, 2008 – Tonichi Carlife Group, Inc., a holding company of Tokyo Nissan Auto Sales Co., Ltd., today announced that it will allocate new shares to Nissan Network Holdings Co., Ltd., a subsidiary of Nissan Motor Co., Ltd. The transaction will give Nissan a 34% equity stake in Tonichi Carlife Group.
The third-party share allocation is part of a greater corporate restructuring undertaken by the Tonichi Carlife Group.
Nissan is currently restructuring its domestic dealer network, with particular focus within the key metropolitan areas. The healthy restructuring of Tonichi Carlife Group will contribute positively to Nissan's continuing efforts to improve our dealer network and its services.
Source: Nissan
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