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LONDON (Kyodo) Nissan Motor Co. President Carlos Ghosn pledged Friday a 1.5 million euro donation to further the Nissan Institute of Japanese Studies at Oxford University.

“We are very proud of our association with the institute and to have this opportunity to join the celebration of its 25th anniversary. I am encouraged to see that Nissan’s early support has helped the institute gather momentum,” Ghosn said in a statement released before the official announcement.

A ceremony for students was due to be held at the university — situated approximately 80 km northwest of London — later in the day to mark the time since the institute was founded in 1981 following Nissan’s initial donation.

The institute, recognized across Europe as one of the leading academic centers focused on the study of modern Japan, will receive the 1.5 million euro endowment over a period of three years.