Nissan estimated losses from leaving the Russian market at $686 million
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Japanese automaker Nissan Motor said it would suffer losses of about 100 billion yen ($686 million) as a result of leaving Russia. Today, October 11, the Ministry of Industry and Trade of the Russian Federation announced that its Federal State Unitary Enterprise is receiving Nissan’s Russian assets. We are talking, among other things, about the plant in St. Petersburg.
“As a result of leaving (from the Russian market.— “b”) Nissan will suffer a one-time loss of about 100 billion Japanese yen. However, Nissan’s forecast for the current fiscal year remains unchanged. press releasepublished on the company’s website.
The deal involves the transfer of 100% of Nissan’s assets in Russia (managed by the legal entity Nissan Manufacturing Rus) to NAMI, including production and a sales center in Moscow. Maintenance of Nissan cars in Russia will be carried out by the former asset of Renault AvtoVAZ. An important condition is the option to buy back Nissan Manufacturing Rus’ stake, which can be exercised within six years.
Details – in the material “Kommersant” “Nissan leaves Russia”.
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