Nissan shares jump more than 20% after activist Effissimo takes stake

TOKYO : Nissan Motor shares jumped as much as 20.6 per cent on Tuesday after a filing showed an entity related to activist investor Effissimo Capital Management had taken a stake in the struggling Japanese automaker.

In a regulatory filing on Monday, Nissan listed Cayman Islands-registered ECM Master Fund as a shareholder with a 2.5 per centstake as of end-September. ECM Master Fund is affiliated with Effissimo, according to SEC filings.

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