MITSUBISHI Motors Corp. (MMC) recently announced plans to buy back about 10 percent (149,028,300 shares) of its outstanding shares from Nissan Motor Co. Ltd. This move reduces Nissan's stake in MMC from around 34 percent to roughly 24 percent.
The purchase took place on Nov. 8, 2024, using a special off-auction trading system on the Tokyo Stock Exchange. The set price was JPY 460.6 per share, based on the Nov. 7 closing price.