Panasonic Announces Share Transfer of European Consumer

Panasonic Corporation today announced the signing of a share transfer agreement with Germany-based AURELIUS Group under which all shares of Panasonic Energy Belgium N.V., Panasonic Energy Europe N.V. and Panasonic Energy Poland S.A. will be transferred to the German investment firm. The three companies, which focus on the consumer battery business in Europe, are consolidated subsidiaries of Panasonic Corporation and wholly owned by Panasonic group companies.