Panasonic (TYO:6752) said it completed the transfer of shares in Panasonic Housing Solutions, with the unit no longer a consolidated subsidiary and now accounted for under the equity method, according to a Tuesday filing on the Tokyo Stock Exchange.
YKK Investment acquired 80% of the business, while Panasonic retains a 20% stake.
The partnership aims to combine YKK's construction materials operations with Panasonic Housing Solutions' capabilities to drive growth in the housing sector.
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