Panasonic to sell entire stake in autos business to Apollo Global-managed funds

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Explore stories from Atlantic Canada.

Barley Risotto and Kimchi: A Culinary Crossroads| SaltWire #food #cookingshorts #kimchiTOKYO -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems to funds managed by U.S. private equity firm Apollo Global Management.

The transaction has a total enterprise value of 311 billion yen , subject to adjustments at closing, which is expected by the end of the first quarter of 2025, Apollo said in a statement.Panasonic said it will also acquire a 20% stake in Star Japan Holdings, the company which will own the new parent company of PAS. The automotive business will maintain its strategic relationship with Panasonic Group, Apollo said in its statement.Separately, Panasonic said its unit Blue Yonder would acquire U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Market Scan: New challenges for global seaborne tradeCanada's construction news
Source: DCN_Canada - 🏆 17. / 74 Read more »