Apollo Funds acquires majority stake in Panasonic Automotive Systems for ¥311bn, with Panasonic retaining a minority stake.
Apollo Funds agrees to acquire a majority stake in Panasonic Automotive Systems Corporation from Panasonic Holdings Corporation for a total enterprise value of ¥311bn. Panasonic will retain a minority stake, preserving their strategic relationship. This is Apollo's fourth private equity investment in Japan. The transaction is expected to be completed by Q1 2025, subject to regulatory approvals.
March 29, 2024
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