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The logo of the Japanese car manufacturer Nissan. (Photo: dpa)
The billion transactions between Nissan and the Chinese investment company GSR Capital has failed. According to the English language version of Reuters, the Japanese car manufacturer canceled the contract because June 29, the deadline expired without GSR committed. According to Nissan, the Chinese could not raise the $ 1 billion capital needed.
Last August, Nissan announced its intention to sell its battery business by setting a December deadline. GSR had expressed interest but did not have the necessary resources. As a result, Nissan has extended the deadline, three times in total. Now, the Japanese are apparently with their patience at the end and have said that the deal has finally failed. At the same time, a spokesman announced that the division would continue to be for sale. Reuters wonders if the GSR is still a potential buyer, the spokesperson remained unanswered. Originally, Nissan had also negotiated with the big Japanese company Panasonic (66 billion euros in turnover), one of the largest lithium battery manufacturers in the world. The extent to which these talks are resumed is currently unclear.
GSR Capital invests in electric mobility, energy, biotechnology and Internet companies. In March, the company concluded two major transactions: first, a joint venture agreement with the Turkish company Zorlu Holding for the construction of a 4.5 billion lithium battery installation in Turkey. On the other hand, a stake in the Swedish automaker of electric cars "National Electric Vehicle Sweden" amounting to $ 500 million.
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