Brief: India's Infosys Says JV With Hitachi, Panasonic And Pasona In Japan

Pasona

14/12/2018 04:07

Dec 14 (Reuters) - Infosys Ltd  INFY.NS :
    * INFOSYS ANNOUNCES JOINT VENTURE WITH HITACHI, PANASONIC
AND
PASONA IN JAPAN
    * SAYS CO WILL ACQUIRE 81 PERCENT OF THE SHAREHOLDING IN
HITACHI
PROCUREMENT SERVICE CO., HITACHI’S FULLY OWNED SUBSIDIARY
    * SAYS HITACHI, PANASONIC AND PASONA WILL BE MINORITY
SHAREHOLDERS
OF THE ENTITY
    * DEAL FOR 2,762 MILLION YEN FOR 81 PERCENT STAKE
    * SAYS TRANSACTION IS EXPECTED TO CLOSE ON OR BEFORE APRIL
1, 2019

Source: https://bit.ly/2Es2EeN
Further company coverage:  INFY.NS 

 ((Reuters.Briefs@thomsonreuters.com;))