Panasonic acquired 57.01% of the outstanding shares in Zetes and will launch a mandatory takeover bid for the remaining 42.99%
(WorldNews Belgium)

Brussels, Osaka, 27 April 2017 - Following the approval by the relevant competition authorities of the acquisition by Panasonic Corporation (`Panasonic`) of a controlling stake in Zetes Industries SA (`Zetes`), Panasonic acquired today a stake of 57.01% of the outstanding shares in Zetes. Acquisition of Zetes by Panasonic The shares were acquired today by Panasonic pursuant to the agreements that it had entered into on 22 December 2016 with the shareholders of Zephir Corporation SA, a holding company that owned 23.70% of the outstanding shares of Zetes, and Cobepa SA, holding 24.67% of the outstanding shares in Zetes, and certain other individual shareholders, including the management of...