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

Japan s Panasonic Holdings said on Friday it plans to sell its entire stake in Panasonic Automotive Systems to funds managed by U.S. private equity firm Apollo Global Management. .

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Apollo Funds Announce Strategic Partnership with Panasonic Automotive Systems, a Leading Global Supplier of Advanced In-Vehicle Technologies

Apollo Funds Announce Strategic Partnership with Panasonic Automotive Systems, a Leading Global Supplier of Advanced In-Vehicle Technologies
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Panasonic to sell entire stake in auto business to Apollo Global-managed funds

Panasonic will also acquire a 20% stake in Star Japan Holdings, which will own the new parent company of Panasonic Automotive Systems.

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Apollo to Acquire Majority Stake in Panasonic s Auto-Parts Business

By Sherry Qin Funds managed by affiliates of private-equity firm Apollo Global Management have agreed to acquire a majority stake in Panasonic Automotive Systems for an enterprise value of 311.

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

TOKYO: Japan’s Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS).

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