UPDATE 1-China OKs Panasonic's Sanyo buy, seeks JV stake cut

Newswire

* China gives anti-trust clearances with conditions * Calls for Panasonic to cut stake in Toyota battery JV * Only U.S. approval left before tender offer (Adds details on Toyota joint venture; background) SHANGHAI, Oct 30 (Reuters) - China on Friday granted Panasonic Corp anti-monopoly clearance to buy Sanyo Electric Co Ltd subject to conditions, including cutting its stake in a battery venture with Toyota Motor Corp . China's ministry of commerce called on Panasonic to cut its stake ...

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