Panasonic seen circling ZKW
Panasonic Corp is in discussions to buy Austrian headlight manufacturer ZKW Group GmbH, a person familiar with the matter said. If true, Panasonic could become the latest major electronics manufacturer to branch out into auto parts. The deal amount hasn’t been decided and it is not clear whether and when the deal will be announced, said the person, who asked not be identified because the negotiations are private. The Nikkei newspaper earlier reported, without citing names, that the headlight maker could be worth as much as 100 billion yen ($880 million). Hitomi Ishikawa, a spokeswoman for Osaka-based Panasonic, declined to comment.