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6 months ago

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Panasonic plans to sell stake in autos business to Apollo Global funds

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Panasonic plans to sell stake in autos business to Apollo Global funds

Japan's Panasonic Holdings said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has signed a memorandum of understanding with an Apollo affiliate.

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Panasonic plans to sell stake in autos business to Apollo Global funds

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Panasonic plans to sell stake in autos business to Apollo Global funds

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