Wednesday, 28 January 2015
Last updated 2 hours ago
Nov 5 2009 | 9:23am ET
Japan’s Panasonic Corp. will make a formal takeover bid for Sanyo Electric Co., in a move that will make it a powerhouse in the cleantech sector.
Panasonic said Wednesday it had received enough assurance from world regulators to go ahead with the JPY 400 billion ($4.45 billion) deal. The takeover will give it a strong position in three green business areas: solar panels, fuel cells and rechargeable batteries for hybrid and electric vehicles.
European antitrust regulators approved the deal in September, and China gave it the green light on Friday, although it stipulated that Panasonic reduce its stake in a joint battery venture with Toyota. The deal has also received informal consent from U.S. regulators.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…