Nissan-Renault Wants In: Seeks 20% Stake in Chrysler
Nissan Motor Co. and member of a dense Renault SA may take a 20 percent picket in Chrysler LLC, the Detroit News reported, citing people accessible through the difficulty.
The scheme has been submitted to Cerberus Capital Management LP, which acquired the U.S. carmaker from Daimler AG, the News reported. Nissan would take measures the money with a view to at all deal out for Renault has debts of other thing than $5 billion, the journal uttered.
Nissan spokeswoman Haruko Wada in Tokyo declined to make comments whenever contacted by Bloomberg News. Paris-based Renault spokeswoman Frederique Le Greves said the company has not offered to participate in buying a stake in Chrysler and is not in any discussions. A speaker for Cerberus in New York couldn’t closely have being reached.
Nissan has been exploring a deeper kindred by Auburn Hills, Michigan-based Chrysler considering February, that time officials met in Japan, the News said. Private-equity firm Cerberus prepared a draft agreement and Carlos Ghosn, supreme of Renault and Nissan, responded through a revised scheme in latter days, the newpaper declared.
Nissan-Renault Seeking 20% Stake in Chrysler, Detroit News Says - bloomberg.com