The EU approval of acquisition of Sanyo, Matsushita need to peel the battery business
The European Commission said that Matsushita Electric agrees with the attached conditions, the transaction should not have to compete on the European market posed a significant threat, it was decided to approve it.
Matsushita Electric Industrial and Sanyo Electric Co. agreed to be acquired in December last year, a transaction valued at 9 billion U.S. dollars, the combined company will become the global electronics industry giant.
The European Commission Hp Pavilion ZE2000 battery(Hp ze2000 battery) believes that Matsushita will acquire Sanyo rechargeable coin cell battery would be in Europe and some other batteries pose a threat to competition in the market, thus requiring the merged firm must divest battery manufacturing operations in Europe.
In the European Union prior to the transaction in September had earlier won Japan's antitrust authority approval. Next, the deal also need access to the United States and China, countries such as the approval of antitrust authorities.
South Korea's SK Group's SK Energy companies are very promising to the Daimler Group, a holding subsidiary of Mitsubishi Fuso (Mitsubishi Fuso) the supply of lithium-ion battery.
Informed sources said, SK compaq Presario M2000 battery(compaq m2000 battery) Energy and Mitsubishi Fuso will soon sign a supply agreement for lithium-ion batteries, is now in the final negotiation phase "with the ultimate possibility of signing more than 90%."
Mitsubishi Fuso 85% of the shares held by Daimler, and another 15% of the shares owned by Mitsubishi Corporation all.
If SK Energy signed Mitsubishi Fuso, which will be the first South Korean companies signed a four lithium-ion battery supply agreements. Before, LG Chemical GM and Hyundai Motor were obtained lithium-ion battery orders from Samsung (Samsung SDI), and Bosch has also been a joint venture between BMW Compaq Presario V2000 battery(compaq v2000 battery) orders.