Panasonic to favour KKR in healthcare sale talks -Nikkei

TOKYO, Sept 6 Fri Sep 6, 2013 11:31am IST

Stocks

   

TOKYO, Sept 6 (Reuters) - Japan's Panasonic Corp is planning to grant preferential negotiating rights to U.S. private equity firm Kohlberg Kravis Roberts & Co (KKR) in the partial sale of its healthcare unit, the Nikkei business newspaper said on Friday.

Panasonic has been looking to raise funds by selling shares in the healthcare unit, whose products include blood sugar monitoring equipment and electronic medical record-keeping systems.

The Nikkei said Panasonic plans to sell a majority stake in its medical unit for around 150 billion yen ($1.5 billion) and to enter final negotiations with the goal of reaching agreement on various conditions before the end of this month.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Public Health

REUTERS SHOWCASE

Cost Cutting

Cost Cutting

PM Narendra Modi boots officials out of the first class cabin  Full Article 

Airtel Profit Jumps

Airtel Profit Jumps

Bharti Q2 net profit more than doubles   Full Article 

Leisure Riding

Leisure Riding

Harley-Davidson woos affluent young Indians with bike culture  Full Article 

Maruti Earnings

Maruti Earnings

Maruti Suzuki net profit up 29 percent, beats estimates.  Full Article 

ICICI Results

ICICI Results

ICICI Bank Q2 profit up 15 percent, beats estimates.  Full Article 

Moody's on India

Moody's on India

Moody's welcomes India's policy steps, but wants to see more.  Full Article 

End Of QE

End Of QE

U.S. Fed ends bond buying, exhibits confidence in U.S. recovery.  Full Article 

Cook Comes Out

Cook Comes Out

Apple's Cook: "I'm proud to be gay"  Full Article 

Refining Margins

Refining Margins

BPCL aims to double refining margins with refinery expansion.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage