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Investing.com - KKR & Co. has emerged as the frontrunner to purchase Nissan (OTC:NSANY) Motor Co.’s (TYO:7201) global headquarters with a bid of approximately ¥90 billion ($610 million), Bloomberg reported on Thursday, citing people familiar with the matter.
The bid from KJR Management, KKR’s Japanese real estate division, represents the highest offer among several submitted by investment firms as the automaker seeks to divest assets to strengthen its financial position.
The potential transaction includes a sale-leaseback arrangement that would allow Nissan to continue occupying the 22-story office building for a period of 10 years, the report said.
KKR (NYSE:KKR) and KJRM are exploring various funding options to finance the possible acquisition, demonstrating their commitment to completing the deal despite its substantial size.
The discussions remain ongoing, and the parties involved may ultimately decide against proceeding with the transaction, the report added.
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