The pension trust of Mercedes-Benz (MBGn.DE), opens new tab is planning to sell off its roughly $346 million shareholding in Nissan Motor (7201.T), opens new tab, a term sheet showed, adding to pressure on the beleaguered Japanese automaker's share price. Japan's third-largest automaker has been hit by U.S. tariffs, restructuring and lower sales volumes that have contributed to a fall in its share price of some 24% since the start of 2025. The sale indicates investor concern over the prospects for Nissan's turnaround plan that includes shutting production at some plants in Japan and overseas to slash costs and restore profitability. The shares will be offered at prices ranging between 337.5 and 345 yen per share, which would comprise a discount of between 4.96% and 7.02% compared to the last closing price of 363 yen per share on Monday, the term sheet showed. The pricing of the sale is set for before the Tokyo Stock Exchange opens on Tuesday and settlement is expected to be on Thursday. Nissan and Mercedes-Benz did not immediately respond to a request for comment.
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