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Panasonic Corp's Subsidiary Sanyo Electric Co Ltd to Sell Stake in Joint Venture to Whirlpool Corp's Subsidiary-Shinano Mainichi Shimbun


Tuesday, 13 Aug 2013 08:00pm EDT 

Shinano Mainichi Shimbun reported that Panasonic Corp's subsidiary, Sanyo Electric Co Ltd, will sell all 29.51% stake in a joint venture, which is engaged in production and sales of white goods in China, to Whirlpool Corp's subsidiary, for approximately JPY 2.2 billion. Whirlpool Corp will also inject capital in the joint venture to finally hold a 51% stake in it. 

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