TOKYO: Japan's Hitachi Ltd said on Friday it plans to sell about half of its stake in Hitachi Construction to trading company Itochu in a sale worth about 182.4 billion yen ($1.60 billion).
Itochu will buy Hitachi's stake for 3,300 yen a share with Japan Industrial Partners. Hitachi currently owns a 51.5% stake in the construction company.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!