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TMCNet:  Panasonic Subsidiary, SANYO Electric, Transfers Digital Camera and Digital Movie Camera Businesses

[December 21, 2012]

Panasonic Subsidiary, SANYO Electric, Transfers Digital Camera and Digital Movie Camera Businesses

(Benzinga Lightning Feed Via Acquire Media NewsEdge) Panasonic Corporation (NYSE: PC) today announced that SANYO Electric Co., Ltd., a subsidiary of Panasonic, has formed an agreement on the transfer of all the shares of SANYO DI Solutions Co., Ltd., which operates the digital camera and digital movie camera businesses.

There shall be no effect on the consolidated financial outlook of Panasonic for fiscal year ending March 31, 2013.For further detail, please see the attached.

For ReferenceThis material is a translation into English of the original Japanese news release Panasonic GroupSANYO Electric Co., Ltd.

Transfer of Digital Camera and Digital Movie See full press release (c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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