Panasonic’s sale is in line with the corporation’s plans to divest its non-core assets to make up for its expected losses this year according to a Nikkei newspaper report, which did not cite any sources.
The unit posted losses of ¥8.8bn on revenues of ¥133.6bn for the year ending March 2012.
Panasonic has said that it expects to report a ¥765bn loss for the current fiscal year, which will conclude at the end of the month.
Earlier this month Panasonic sold a property in Tokyo for ¥50bn.
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