Sanyo To Sell Full Stake In Homebuilding Op To Ant Capital

Sanyo Electrical Corp. will sell its 19.9% share in Sanyo Homes Co., a midsized homebuilder, to Ant Capital Partners., a Toyo-based private equity firm, according to Nikkei. Sanyo is in the process of merging with Panasonic and divesting some of its duplicate operations. Panasonic holds PanaHome Co., a homebuilding unit of Panasonic group. Sanyo originally acquired its operation from Kubota Co. and aims to sell its solar power systems. But the financially-strapped Sanyo has sold its shares to other companies like Orix Co. and Secom Co. Ant Capital expects Sanyo Homes to be listed in 2012.