Thanks to Sanyo, Matsushita, qualified as one of the largest electric companies in Japan.
December 21, 2009 announced that Matsushita that it has signed 4.6 billion U.S. dollars in preferred stock conversion, received 50.27 percent stake in Sanyo Sanyo solar cells and also get battery technology that is achieved with an annual turnover of 11.22 billion Japanese yen, the go-ahead nation’s largest Electric Company, Hitachi.
According to Japanese media reports, Panasonic Vice President, and electrical equipment in the old pool director Junji Sakamoto summer to his new post, Vice President of Sanyo, the former director PA3191U-1BRS ， PA3191U-2BRS ， PA3191U-3BRS of the Pine Yip Kin Jiro Panasonic Sanyo executive offices. The three men are likely to shareholders in 2010 was elected as a director of Sanyo, the Sanyo brand will be retained.
Matsushita said the director of acquisitions from late 2008, while it is experiencing the United States, the European Union and China’s anti-monopoly investigation delay of 10 months, in the middle, when the news spread in the transactions.
“The new venture will allow China to the corresponding change in market structure.” China’s Anti-Monopoly refused Bureau of the Ministry of Commerce. Matsushita will pay utilities, stripping Sanyo coin-type lithium battery was adopted secondary economy.
In line with WTO rules, is business in 11 countries, the need for each country for approval.
January 21, 2009, the Chinese Ministry of Commerce received a statement from Panasonic Sanyo acquisition, but the declaration of materials that are incomplete, the other completed and perfected. 30. April to have additional material by the Ministry of Commerce on 4 May explain placed on file, and a preliminary review.
In the preliminary review, the Antitrust Division of the Ministry of Commerce that the new joint venture in some overlaps significantly larger market share, market structure may change significantly, decided to further review and announced that the period 3 September.
Panasonic detailed review of the Commerce Department noted that the issue of monopoly: The new company will be used coin-type lithium secondary battery (for mobile phones, cameras), civil Ni-MH battery (in the range of power tools), vehicle and hinder nickel-metal hydride batteries, etc. 3 free competition in product markets. The insider said, that takes into account the future of Panasonic coin-type lithium secondary batteries for 61.6% of the market, so that the downstream user the ability to very limited commercial nickel-metal hydride batteries for 46.3% market shares are taken into account in the car with the nickel-metal hydride batteries, Matsushita and Toyota PeVe joint venture shall account for 77% of the market.
The Ministry of Commerce invited to explain the two sides overlap, product, sales data, product and pricing strategies for studying the documentation and evidence, and propose solutions to existing problems. Ministry of Commerce Anti-Monopoly Service for insiders to understand the relevant circumstances, in the direction of the different products, 39 competitors and downstream users, distributed questionnaires, telephone interviews with individual companies, and went to Shenzhen and so on-site investigations .
August 26, 2009, Matsushita check for an extension of the Ministry of Commerce for further period and the period until the 3rd November. The two sides discussed five times, 22 October, PA3284U-1BRS ，PA3285U-1BRS ， PA3285U-2BRS ， PA3285U-3BRS Panasonic and Sanyo to submit a final remedial action plan - the new company six months after stripping all the coins Sanyo secondary lithium battery business, selling a Panasonic or Sanyo Ni-MH battery civilian business.
In fact, to pass the national anti-monopoly review, Matsushita Kanagawa prefecture in Japan Shonan factory nickel-metal hydride batteries, the transfer to an independent third party to receive the contribution ratio of 19.5% from 40% of PeVe , the right to appoint directors of the company and shareholders include the General Assembly vote, PeVe change of name “Panasonic” the new name for the word to Fujitsu, Sanyo Energy sold.
October 30, 2009, believes the Chinese Ministry of Commerce anti-monopoly service, after the implementation of aid programs may crowd out the negative impact on the Chinese market share, as “conditional.” It is reported that examine the applicants in a similar way, by the EU and U.S. antitrust authorities.