# Panasonic to sell commercial refrigeration assets in China to Bingchuan Group

Panasonic Holdings is planning to sell its commercial refrigeration equipment assets in Dalian, China, to Bingchuan Group for about 100 million yuan. The sale includes assets for retail and restaurant refrigeration, and follows previous sales of cold storage and compressor businesses.

- Type: Acquisition
- Announced: 2023-03-27
- Where: Dalian, China
- Value: $14.5M (100.0M CNY)
- Status: announced
- Products: commercial refrigeration equipment
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Panasonic](https://endata.com/companies/1026.md)
- [Bingchuan Group](https://endata.com/companies/69340.md) (acquirer)

## Sources

- [esmchina.com](https://www.esmchina.com/news/10166.html), 2023-03-27: "松下有望于本月内将旗下位于大连的面向零售店和餐饮店生产冷藏设备资产售于冰山集团，交易金额约为1亿元。"

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