# Panasonic Electric to acquire 40% stake in Panasonic Appliances Cold Chain from Bingshan Refrigeration

Panasonic Electric (China) Co., Ltd. signed an agreement to acquire a 40% stake in Panasonic Appliances Cold Chain (Dalian) Co., Ltd. from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. for CNY 71 million on November 18, 2022.

- Type: Acquisition
- Announced: 2022-11-18
- Where: China
- Value: $10.0M (71.0M CNY)
- Status: announced
- Products: cold chain equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd.](https://endata.com/companies/63125.md) (partner)
- [Panasonic Electric (China) Co., Ltd.](https://endata.com/companies/66753.md) (acquirer)
- [Panasonic Appliances Cold Chain (Dalian) Co., Ltd.](https://endata.com/companies/66754.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/BINGSHAN-REFRIGERATION-HE-103585341/news/Panasonic-Electric-Co-Ltd-signed-an-agreement-to-acquire-40-stake-in-Panasonic-Appliances-Cold-C-42427163/), 2022-11-18: "Panasonic Electric (China) Co., Ltd. signed an agreement to acquire 40% stake in Panasonic Appliances Cold Chain (Dalian) Co., Ltd. from Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. for CNY 71 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.