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Nissan Europe may Integrate Nissan Belgium as Full Legal Entity
Aartselaar, Belgium (ots/PRNewswire) - Nissan Europe, Marubeni Corporation and Marubeni Europe Plc signed an agreement on 6 June 2007 agreeing on the terms and conditions under which Nissan Europe may purchase from Marubeni Corporation and Marubeni Europe Plc, 100% of the shares in Nissan Belgium N.V.. The effective purchase of the shares in Nissan Belgium N.V is subject to certain conditions, including prior approval of the Belgian Competition Board.
This purchase would signify that Nissan Belgium would become a full Nissan entity and no longer be an independent importer. Depending on required conditions being fulfilled, Nissan Belgium could start operating as a Nissan entity in July.
Nissan Belgium was created in 1966 and yearly sales rose to more then 30,000 vehicles during peak years. Sales totalled approximately 12,000 units in 2006.
As part of Nissan Europe's strategy for growth, this agreement comes at a period of reorganisation within Nissan's business structure in Europe. The move would strengthen the company's position in the market-place by maximizing efficiencies and improving service levels. It would also allow Nissan Belgium to invest in the future, and to support Nissan's plans for growth in Europe.
Nissan employs around 12,000 people in its European design, research and development, manufacturing, logistics, and sales and marketing operations. Last year, the company produced a total of 506,602 vehicles in its Spanish and British plants. Nissan Europe's Head Office is based in Trappes (Paris), France.
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ots Originaltext: Nissan Motor Co., Ltd.
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