Panasonic Holdings (6752) · InitiativeAchieved
Transfer of the Lead-Acid Battery Business to GS Yuasa
First written in FY2016. 1 of 2 entries say "Advanced", first in FY2016. Latest entry: FY2017-Q2.
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- FY2017-Q2AchievedAnnual report
「On 30 September 2016, we transferred 85.1% of all shares in our consolidated subsidiary Panasonic Storage Battery Co., Ltd. to GS Yuasa Corporation.」
Completed the planned transfer of 85.1% of the shares in connection with the transfer of the lead-acid battery business to GS Yuasa. - FY2016AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 October 2015, we resolved to transfer the lead-acid battery business operated by the group of our consolidated subsidiary Panasonic Storage Battery Co., Ltd. (“PSB”) to the GS Yuasa Corporation group, and entered into a basic agreement with GS Yuasa Corporation on the same date.」
Presented a plan to transfer 85.1% of PSB’s shares and retain the remaining 14.9% for 2 years to support the transition.