Mercedes-Benz Pension Trust Plans $346M Nissan Stake Sale

Mercedes-Benz Pension Trust plans to sell its entire 3.8% stake in Nissan Motor Co., valued at approximately $346 million, intensifying pressure on the struggling Japanese automaker. The sale, scheduled to be priced between 337.5 and 345 yen per share—a discount of about 5% to 7% from the previous closing price—reflects investor skepticism about Nissan's turnaround efforts. Nissan has faced significant challenges this year, including U.S. tariffs, restructuring efforts, and declining sales volumes, which have contributed to a 24% drop in its share price. The pension trust's divestment is described as a portfolio cleanout and is not expected to affect the ongoing collaboration between Mercedes-Benz and Nissan. Nissan previously sold its stake in Mercedes-Benz in 2021 amid financial difficulties. Neither company has commented on the sale, which is expected to settle by Thursday following pricing before the Tokyo Stock Exchange opens.