According to Reuters, Panasonic Corp. is considering selling a plant in Suzhou, a city in southeast China’s Jiangsu province, that makes security cameras in a deal it hopes will fetch more than $450 million.
The Reuters report stated that Panasonic is looking to close first-round bidding in early April and that, according to Tokyo Stock Exchange market index Nikkei 225, U.S. equity fund Carlyle Group and British funds Permira and CVC Capital Partners are among potential buyers.