Goldman to Buy 42 pct of Sanyo Credit for $275 mln

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00024608-goldman-to-buy-42-pct-of-sanyo-credit-for/

By Nathan Layne, Reuters

Goldman Sachs Group Inc. will spend about 33.15 billion yen ($275 million) to take a 42 percent stake in the finance unit of Sanyo Electric Co., the struggling Japanese electronics maker said on Friday.

Sanyo Electric, Japan’s third-largest consumer electronics maker, also said it would form an alliance in the TV business with a company whose manufacturing base is in Asia. It did not give the name of the partner.

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