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.
For this complete story, please visit Goldman to Buy 42 pct of Sanyo Credit for $275 mln.
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