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Panasonic Corporation
PCRFY and Kohlberg Kravis Roberts & Co.
L.P. (together with its affiliates, "KKR") today announced the signing
of a share purchase agreement and a shareholders' agreement under which
Panasonic and KKR will become joint partners of Panasonic Healthcare
Co., Ltd. (“Panasonic Healthcare”).
Based on today's agreements, PHC Holdings Co, Ltd. (“PHCHD"), which is
wholly-owned by KKR investment funds, will purchase all outstanding
shares of Panasonic Healthcare, including its related intellectual
property and assets, for an equity value of approximately JPY 165
billion (approximately US$ 1.67 billion at the exchange rate of
US$1=JPY99). The transaction will be followed by a third party share
allocation by PHCHD, after which KKR will own 80%
See full press release© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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