DaimlerChrysler AG finalised its 34 per cent equity stake in Mitsubishi Motors Corp. Wednesday (17/10/00), writes Dow Jones (19/10/00).

The cost of the purchase – which sees DaimlerChrysler AG become Mitsubishi`s largest shareholder – totals Y202.4 billion, according to the report.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

As part of the original July 2000 agreement, Mitsubishi Motors will issue convertible bonds – Y19.2 billion in value – to DaimlerChrysler. Designed to prevent DaimlerChrysler`s stake from being diluted, these bonds could be converted to equity at any time through April 30, 2003, says Dow Jones.

Other shareholders within Mitsubishi Motors Corp. include: Mitsubishi Heavy Industries Ltd. with a 16.9 per cent stake, Capital Research and Management Co. with 6.04 per cent, Mitsubishi Corp. with a 5.27 per cent holding and Swedish car maker Volvo AB, holding 3.3 per cent.

Just Auto Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Auto Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving automotive industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now