Himfr.com Reports Panasonic Sanyo Of Back Relief Programs
"After 10 months of waiting, the awful anti-monopoly review of mergers and acquisitions
has finally come to an end." Matsushita Electric Industrial Co., Vice Chairman Chang Chung-wen of China was finally relieved.October 30, the Chinese Anti-Monopoly Bureau of the Ministry of Commerce Panasonic Sanyo announced the merger of the outcome of the review announcements involving different products through 39 competitors and downstream users of the numerous telephone calls and field investigation, the Ministry of Commerce that the key focus will be in the coin-type lithium secondary battery, civil nickel-metal hydride batteries and nickel-metal hydride batteries car three product markets to limit or exclude competitive effects.
After the two sides in August this year, after five times the discussion, the October 22 Matsushita Electric to submit a final relief programs, the Commerce Department that the implementation of these relief programs will be eliminated this acquisition on the Chinese market, adverse effects, so Panasonic Sanyo M & A cases in China, received a "conditional pass it."
Relief programs
The Ministry of Commerce on Anti-Monopoly Service told reporters, "the review we conducted a survey of many related businesses, but also made reference to the European Union, Japan and other antitrust agencies review mergers and acquisitions to this effect."
This reporter has learned, the Japanese anti-monopoly body is the first since the approval of these mergers and acquisitions department, and the EU antitrust agency review was carried out to the end of September.
But also in the EU the final announcement, the companies will require that the production plant and a portable battery nickel metal hybrid business unit to sell out in order to eliminate market share to improve this situation and after the merger continue to maintain a certain competition.
The Ministry of Commerce in China Anti-Monopoly Service review of results, share the view that the acquisition will be coin-type lithium secondary battery, civil nickel-metal hydride batteries and nickel-metal hydride batteries automotive markets three products to limit or exclude competitive effects.
Of them have mobile phones, cameras coin-type secondary battery in this acquisition will be highly concentrated, with combined account for 61.6% of Matsushita's market share, leading to downstream users the option of very limited, while the Panasonic will have unilaterally raised price of capacity.
Used in the field of civilian power tools market is a nickel-metal hydride batteries high market concentration, and the number of competitors is limited, the combined market share of Matsushita 46.3%.
In addition, the Commerce Department's announcement also noted that the nickel-metal hydride batteries used car market, this acquisition will be highly concentrated, which Matsushita and Toyota set up a joint venture enterprise - PEVE companies in the market accounted for 77% of the market share.
October 22 Panasonic and Sanyo to submit the final relief programs.
Under this program, the new company will be 6 months after the merger, spin-off all of Sanyo's current coin-type lithium secondary battery business; spin-off company or Panasonic Sanyo, one of them civilian nickel-metal hydride battery business.
Panasonic will be in Japan Chigasaki City, Kanagawa, Shonan plant HEV Ni-MH battery transfer the business to an independent third party (the purchaser), and will PEVE proportion of funding from the current 40% to 19.5%, to give up the voting rights of shareholders in the PEVE, as well as the right to appoint directors; and PEVE change the name of the company's future without "Panasonic" the word company name.
This reporter learned that Sanyo Electric has announced the October 28 sale of Sanyo Energy Twicell (Sanyo Energy Twicell Co.) And Tottori Sanyo Energy (Sanyo Energy Tottori) for Fujitsu, in addition to Sanyo also plans to extend its Takasaki, Gunma Prefecture, Japan the city of Takasaki plant civilian Ni-MH battery transfer the business to an independent third party; Sanyo will be in China's Jiangsu Province, Suzhou factory Sub-C? D-type batteries supplied by OEM form to the purchaser.
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