UPDATE 3-Johnson Controls moves to end venture with Saft

Newswire

* Johnson Controls files to dissolve venture with Saft * Saft says no legitimate grounds for filing * Saft says net asset value of venture 45 mln euros (Adds comment from Johnson Controls on Michigan plant) By Deepa Seetharaman DETROIT, May 18 (Reuters) - Johnson Controls Inc moved to dissolve a partnership with French battery maker Saft Groupe SA on Wednesday due to a "fundamental disagreement" about the direction and scope of the 5-year joint venture. In a statement, Saft said it ...

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