Sony and Panasonic scramble to soften blow of no-deal Brexit

Electronics giant Sony is planning to merge its UK-headquartered European business into its Dutch arm as Japanese companies manoeuvre to soften the impact of a no-deal Brexit. The move will see Sony’s £3.3bn European business register its corporate seat, effectively its legal headquarters, in Amsterdam. The combined arm will be responsible for the Tokyo giant’s electronics business in Europe. The deal will be completed on March 29 2019, according to merger documents reviewed by The Daily Telegraph.
Read more: https://www.telegraph.co.uk/technology/2019/01/20/sony-merge-british-hq-dutch-base/?source=Snapzu