February 14, 2025 01:44 GMT
EM ASIA CREDIT: Hon Hai (HONHAI, NR/A-/NR) not yet in talks with Nissan
EM ASIA CREDIT
Hon Hai (HONHAI, NR/A-/NR)
"*NISSAN CEO: HAVEN'T HAD MANAGEMENT LEVEL TALKS WITH HON HAI" - BBG
- Nissan reported its FY results yesterday (covered by euro IG team). No talks yet with Hon Hai. Neutral for Hon Hai spreads.
- The Nissan CEO stated it hadn't yet had management level talks with Hon Hai regarding a Hon Hai stake in Nissan and related partnerships.
- This isn't a particular surprise, the talks with Honda only recently collapsed and the Nissan stake is held by Renault.
- KKR is also showing some interest in an investment in Nissan according to Bloomberg, and they maybe a more acceptable partner than Hon Hai.

Keep reading...Show less
101 words