Nissan Sells Its Russia Business Just For 1 euro

Tue Oct 11 2022
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TOKYO: Japanese carmaker Nissan said on Tuesday that the company is handing over its businesses in Russia to an outfit just for 1 euro. According to a media report, the car giant will suffer losses of approximately $687 million.

Russia’s Ministry for Industry and Trade disclosed that the deal will give Nissan rights to buy back the business within six years.

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