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Panasonic to take almost 50% stake in Spanish autoparts maker Ficosa

OSAKA -- Panasonic will place major Spanish autoparts manufacturer Ficosa International under its umbrella, with an eye on joint development of self-driving-car technologies, The Nikkei learned Wednesday.

     The Japanese electronics giant is expected to take a stake of slightly less than half for 20 billion yen to 30 billion yen ($182 million to $273 million) by March of next year. This will be its first big acquisition in the automotive field, which it positions as a pillar of its growth strategy.

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