Panasonic: in talks with potential partners to sell part of healthcare unit

TOKYO Wed Jul 31, 2013 4:22am EDT

Passers-by are reflected on a product of Panasonic Corp outside an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai

Passers-by are reflected on a product of Panasonic Corp outside an electronics store in Tokyo May 9, 2013.

Credit: Reuters/Toru Hanai

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TOKYO (Reuters) - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion.

The Japanese electronics maker, however, said it would like to keep a stake in the healthcare unit.

Panasonic reported a two-third increase in its operating profit in the April-June quarter as it reaps the benefits of shifting away from consumer electronics and into products for businesses, such as automotive systems and housing fixtures.

(Reporting by Mari Saito; Writing by Dominic Lau; Editing by Shinichi Saoshiro)

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