Panasonic to sell entire stake in autos business to Apollo Global-managed funds
29/03/2024 08:09
TOKYO, March 29 (Reuters) - Japan's Panasonic Holdings
6752.T said on Friday it plans to sell its entire stake in
Panasonic Automotive Systems to funds managed by U.S. private
equity firm Apollo Global Management.
Panasonic will also acquire a 20% stake in Star Japan
Holdings, the company which will own the new parent company of
PAS.
(Reporting by Mariko Katsumura; Editing by Christian
Schmollinger)
((Mariko.Katsumura@thomsonreuters.com;))
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