Nissan to sell 16.4 million Daimler shares By Reuters


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© Reuters. FILE PHOTO: FILE PHOTO: The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company’s car at their showroom in Tokyo, Japan November 11, 2020. REUTERS/Issei Kato

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FRANKFURT (Reuters) – Nissan (OTC:) Motor is selling 16.4 million shares in German carmaker Daimler (OTC:) through an accelerated bookbuild offer, it said on Tuesday.

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 (NYSE:) and Societe Generale (OTC:) are organising the block trade.

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