TOKYO, March 29 (Reuters) - Japan's Panasonic Holdings said on Friday it plans to sell its entire stake in Panasonic Automotive Systems to funds managed by U.S. private equity firm Apollo Global Management.

Panasonic will also acquire a 20% stake in Star Japan Holdings, the company which will own the new parent company of PAS. (Reporting by Mariko Katsumura; Editing by Christian Schmollinger)