Western Europe Central & Eastern Europe Latin America North America
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| Best M&A deal |
| Nissan |
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Type of deal: acquisition of 50% stake in Dongfeng Motor Amount: $1.03 billion Date: September 2002 Advisers: Goldman Sachs (Nissan), CICC (Dongfeng) |
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Nissan: firm foothold in China |
Carlos Ghosn, Japanese motor company Nissan’s president, had to be very patient. But after two years’ negotiation with Dongfeng Motor Corporation’s management and politicians, he finally got a foothold in China’s auto industry. It didn’t come cheap. For a 50% stake in China’s third-largest auto company, Nissan agreed to pay $1.03
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