Tokyo - Nissan Motor Co., Ltd., announced today that it intends to purchase 52 million shares of Calsonic Kansei Corp., which are being issued by Calsonic Kansei through a reserved capital increase. The transaction was approved at Nissan's board of directors' meeting today.
As a result, Nissan's ownership in Calsonic Kansei will increase to 41.7% from 27.6% at present, turning Calsonic Kansei into a consolidated Nissan subsidiary. Payment for the shares will be made on January 11, 2005.