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

Hitachi Construction Machinery

13/01/2022 06:05

TOKYO, Jan 13 (Reuters) - Japan's Hitachi Ltd  6501.T  has
decided to sell about half of its 51% stake in Hitachi
Construction Machinery Co  6305.T  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.

 (Reporting by Tim Kelly and Chang-Ran Kim)
 ((tim.kelly@thomsonreuters.com; +813-6441-1311;))