Carlos Ghosn's Legacy Is Dead As Nissan Sells Off HQ In Japan [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Yahoo! Finance
At one time, it was called the "House that Ghosn Built," but now amid heavy-duty downsizing under new CEO Ivan Espinosa , and with onetime legend Carlos Ghosn disgraced and exiled to Lebanon , Nissan's headquarters in Yokohama has been sold. Here's Bloomberg with the details Nissan Motor Co. has agreed to sell its global headquarters...[for $630 million] to a group sponsored by Taiwanese autoparts maker Minth Group, as the struggling automaker seeks to shore up its financial position. The acquisition will be led by a special purchase company managed by KJR Management, a Japanese real estate unit of private equity giant KKR & Co., according to people familiar with the matter, who asked not to be named discussing private information. The sale of HQ has been in the air for a while. If the deal goes through as described, then the Minth Group would pick up the building for about $40 million less than what was speculated this spring. Something of a fire sale, in other words. Read m
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