China’s GSR close to sealing $1b deal for Nissan battery venture

GSR near closing $1b deal to buy Nissan battery unit
The 80 KW AC Synchronous Electric motor from a 2011 Nissan Leaf Zero Emission Electric car is displayed in Franklin, Tennessee, U.S. on Tuesday, Oct. 26, 2010. Photographer: Mark Elias/Bloomberg

GSR Capital, a Chinese private equity firm with backing from the Hubei provincial government, is nearing a deal to acquire control of a Nissan Motor Co. rechargeable battery unit for about $1 billion, according to people with knowledge of the matter.

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