Nissan Motor Co (7201.T) will sell 41 percent of its stake in auto parts supplier Calsonic Kansei Corp (7248.T) to U.S. buyout firm KKR & Co (KKR.N), the Nikkei reported.

KKR will launch a tender offer to obtain all outstanding shares in Calsonic for about 400 billion yen ($3.60 billion), the Japanese newspaper reported.
Calsonic is said to receive nearly 200 billion yen in proceeds, which will be used for the development of new safety and environmental technologies, the report said.

KKR’s Calsonic deal will be announced on Tuesday, according to the Nikkei.

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