The pension trust of Mercedes-Benz (MBGn.DE) is preparing to sell its roughly $346 million shareholding in Nissan Motor Co., according to a term sheet seen on Monday. The planned divestment adds fresh pressure to the struggling Japanese automaker, whose share price has already slid about 24% since the beginning of 2025.
Japan’s third-largest carmaker has been grappling with multiple challenges, including the impact of US tariffs, a broad restructuring drive, and declining sales volumes. Investor doubts over Nissan’s turnaround strategy—centred on shutting production lines at select plants in Japan and overseas to cut costs and restore profitability—have further weighed on confidence.
The sale will see shares offered at between 337.5 and 345 yen each, representing a discount of 4.96% to 7.02% from Nissan’s last closing price of 363 yen on Monday, the term sheet revealed. Pricing of the deal is scheduled to be finalised before the Tokyo Stock Exchange opens on Tuesday, with settlement expected by Thursday.
Neither Nissan nor Mercedes-Benz has commented on the planned divestment.
Melissa Enoch
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