January 20, 2022, 2:30

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

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

    TOKYO, Jan 13 (Reuters) – Japan's Hitachi Ltd has decided to sell about half of its 51% stake in Hitachi Construction Machinery Co to trading firm Itochu Corp (8001.T) 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.

    Register now for FREE unlimited access to Reuters.comRegisterReporting by Tim Kelly and Chang-Ran Kim

    Sourse: reuters.com

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