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Category of Energy Conservation & Efficiency

Panasonic Corp. is considering buying Sanyo Electric Co.

Panasonic Corp. is considering buying Sanyo Electric Co.
Panasonic is expected to strike a basic agreement on the plan with Sumitomo Mitsui Banking Corp. and Daiwa Securities SMBC Co. as well as Goldman Sachs, possibly by the year’s end, said Kyodo, quoting sources close to the acquisition.
Panasonic would secure a dominant global market share in the lithium-ion battery business and would obtain the photovoltaic cell business by acquiring Sanyo, it said.
The deal, if realized, would mark the first full-scale realignment of the Japanese electronics industry involving major companies.

November 2, 2008 10:00 PM by bluedragone(Singapore / Malaysia)

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