People pass a television installation at the Panasonic pavilion before the start of the IFA consumer electronics fair in Berlin, August 29, 2012. REUTERS/Tobias Schwarz/File Photo
TOKYO: Japan's Panasonic Corp is in talks to buy European automotive light maker ZKW Group, accelerating its push into the automotive electronics market, a person familiar with the matter said.
The deal could be worth up to US$1bil (RM4.44bil) and the two companies could reach a basic agreement as early as this month, the Nikkei business daily reported Dec 5.
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