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Panasonic, Sanyo deal sealed

Posted: 23 Dec 2008  Print Version  Bookmark and Share Subscribe 

Keywords:consumer electronics  solar cells  rechargeable batteries  solar panel 

[Summary of tips] Goldman Sachs has finally sold its stake in Sanyo Electric Co. to Japanese electronics conglomerate Panasonic Corp., clearing the way for Japan's largest consumer electronics acquisition. Panasonic will now control just over 70 per cent of the shares in Sanyo. The deal, confirmed Dec. 19 values Sanyo at Rs.40,283.83 crore (Y807......
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