Denso, Makita to buy stake in Sharp
Denso sees synergies in developing auto parts incorporating electronics technology and concepts.
Japanese parts manufacturer Denso and toolmaker Makita will buy capital stakes in a restructuring Sharp, reports the Nikkei financial daily. Makita is reportedly in the final stages of deciding how much to invest after Sharp requested JPY10 billion (USD102.7 million), while Denso is contemplating an investment of JPY2–3 billion in the troubled electronics manufacturer.
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