Renault to sell about 2.5pc of Nissan shares for up to 362 million euros
French car maker Renault said in a statement it plans to sell about 2.5% of Nissan’s shares to the Japanese care maker in a deal that could result in a cash inflow of up to 362 million euros ($391.76 million).
The shares to be sold are part of the 24.63% of Nissan’s capital held by a French trust and the sale will be implemented as part of share buyback program announced by Nissan, Renault said.
Renault’s long-standing partners Nissan and Mitsubishi still intend to invest in the French car maker’s electric vehicles unit Ampere, according to a presentation by Renault on Wednesday.
Ampere has been carved out from the rest of Renault and is due to list on the market next year.
Nissan Motor is considering seeking a business partnership with Honda Motor , TV Tokyo reported on Wednesday, while the Nikkei business daily said they could collaborate on electric vehicles.
Nissan’s board of directors decided on Tuesday to consider a potential alliance with its larger Japanese rival, TV Tokyo said, citing unidentified sources.
The Nikkei reported that Nissan and Honda could work together on electric vehicles to better compete with Chinese rivals.
A Nissan spokesperson declined to comment on the report, and said he did not know whether its board met on Tuesday. A Honda spokesperson said there was nothing the company could say about the report. Nissan, which has a longstanding alliance with French automaker Renault, intends to sign a non-binding memorandum of understanding with Honda, TV Tokyo said, adding the areas of cooperation were not yet decided.
COURT NOTICE
In the court of Muhammad Kashif Usman Shabbir S. Civil Judge Family Court Sargodha .
Maha Noor Vs Haider Mustafa. Suit for : Desolation of Marriage on the bases of Khullah
Notice To:Haider Mustafa S/o Ghulam Mustafa R/o House No. 10, Street No 120, Sector G-11/4 Islamabad present address is 22 Blackthorn Avenue, Colchester. CO4 3PU- Trippier House,Blackthorn Avenue, Colchester. CO4 3PU- UK. Cell # +447470618588.Whereas in above mentioned case it has been proved to the satisfaction of the court that the above mentioned defendant cannot be served in the ordinary way. It is therefore, proclaimed under order 5,rule 20 CPC that if the said defendant will/shall not appear personally or through a duly authorized agent or pleader in court at8:00AM on 04-04-2024 the proceedings will be taken expiry no arguments of any nature shall be entertained there after. Given under my hand and seal of the court.
COURT NOTICE
In The Court of Mr.Waqas Ahmed Warraich Civil Judge / 1st Class Jhelum.
Case Title: Fazal Hussain Vs Jazab Masood etc,
Subject: Suit for Specific Performance etc,
Notice to No. 1 Jazab Masood S/O Masood Ahmed R/O Nara Tehsil and District Jhelum, No.2 Raja Hassan Azeem S/O Raja Waheed Akram, No. 3 Raja Waheed Akram S/O Muhammad Akram R/O’s Civil Line Mohallah Janjua Colony Tehsil and District Jhelum, Presently in abroad, Whereas in the above mentioned case it has been proved to the satisfaction of the court that the above mentioned Defendant cannot be served in the ordinary way, It is therefore proclaimed under order 5, Rule 20 CPC that if the said defendant will/shall not appear personally or through a duly authorized agent or pleader in court at 9:00AM on 30-032024, the proceeding will be taken ex-parte against you. No arguments of any nature Shall be entertained thereafter. Given under my hand and seal of this court.
COURT NOTICE
In The Court of Mr.Waqas Ahmed Warraich Civil Judge / 1st Class Jhelum.
Case Title: Saeed Ahmed etc Vs District Collector Jhelum etc, Subject: Suit for Deceleration etc,
Notice to No. 6 Sajjad Hussain S/O Allah Ditta R/O Bhondna Jattan P/O Maira Tehsil and District Jhelum, Presently in abroad,
Whereas in the above mentioned case it has been proved to the satisfaction of the court that the above mentioned Defendant cannot be served in the ordinary way, It is therefore proclaimed under order 5, Rule 20 CPC that if the said defendant will/shall not appear personally or through a duly authorized agent or pleader in court at 9:00AM on 2803-2024, the proceeding will be taken ex-parte against you. No arguments of any nature Shall be entertained thereafter. Given under my hand and seal of this court.