# Bingshan Refrigeration to buy 60% of Panasonic Compressor and 55% of Panasonic Refrigeration

Bingshan Refrigeration announced plans to acquire 60% of Panasonic Compressor from Sanyo Electric and 55% of Panasonic Refrigeration for a combined cash price of RMB 1.011 billion, giving it full ownership of both.

- Type: Acquisition
- Announced: 2022-09-26
- Where: China
- Value: $150.8M (1.01B CNY)
- Status: announced
- Products: scroll compressors, refrigeration units, cold storage systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Bingshan Refrigeration](https://endata.com/companies/9735.md) (acquirer)
- [Panasonic Compressor](https://endata.com/companies/9736.md) (target)
- [Panasonic Refrigeration](https://endata.com/companies/9737.md) (target)
- [Sanyo Electric](https://endata.com/companies/9738.md) (partner)

## Sources

- [stock.cngold.org](https://stock.cngold.org/c/2022-09-27/c8316750.html), 2022-09-27: "冰山冷热9月26日晚公告称，公司拟以支付现金方式购买三洋电机持有的松下压缩机60%股权"

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