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Hitachi to sell about half of its stake in construction unit - NHK

Tan KW
Publish date: Thu, 13 Jan 2022, 03:50 PM
Tan KW
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TOKYO - Japan's Hitachi Ltd has decided to sell about half of its 51% stake in Hitachi Construction Machinery Co to trading firm Itochu Corp and investment fund Japan Industrial Partners, broadcaster NHK reported on Thursday.

The sale would represent a final tranche of Hitachi’s decade-long business portfolio overhaul, in which it sold chip-making equipment manufacturer Hitachi Kokusai Electric and chemicals maker Hitachi Chemical in recent years.

 


  - Reuters

 

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