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Panasonic buying out Sanyo, Panasonic Electric
TOKYO — Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works in a move costing up to $9.4 billion to strengthen green businesses such as electric cars and solar panels.
Panasonic Corp., Japan’s biggest consumer electronics maker, said in a statement … Original source on Gaea Times at : Panasonic plans to buy out subsidiaries Sanyo, Panasonic Electric under $9.4B green initiative.