Panasonic Corp. is in final talks to sell the digital camera division of its subsidiary Sanyo Electric Co. to Japanese investment fund Advantage Partners LLP, Japanese media cited industry sources on Wednesday.

The camera division is under Sanyo DI Solution Co., which produces digital cameras under brands of multiple customers on an original equipment manufacturing basis.

Panasonic plans to sell a 100 percent stake in Sanyo DI and its Indonesian plant to Advantage Partners. Sanyo DI employees will be transferred to other companies within the Panasonic group or taken over by the investment fund, Japanese news agency Kyodo said.

The sale price is estimated at several hundred million yen, according to reports.