MERCEDES-BENZ PENSION TRUST WILL SELL ITS 3.8% STAKE IN NISSAN MOTOR

The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor, a spokesperson for the German carmaker said on Monday, adding to pressure on the 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 24% slide in its share price this year.

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