TOKYO -- Hitachi has given preferential negotiating rights regarding a sale of its metals unit to a consortium of investment funds led by Bain Capital, a possible deal estimated to top 800 billion yen ($7.27 billion), Nikkei learned on Wednesday.
Bain, Japan Industrial Partners and Japan Industrial Solutions are in talks for Hitachi's roughly 53% stake in Hitachi Metals. The unit is currently listed on the Tokyo Stock Exchange.
