OSAKA (Kyodo) Panasonic Corp. will cut its equity stake in a hybrid-vehicle battery venture it jointly runs with Toyota Motor Corp. to expedite its takeover of Sanyo Electric Co., sources said Thursday.
Panasonic thinks the measure, aimed at slashing its share of the global nickel-hydrogen battery market, is needed for foreign antitrust authorities to sign off on the Sanyo takeover, the sources said.
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