TOKYO -- Hitachi has moved closer to selling subsidiary Hitachi Chemical with the choice of Japanese materials group Showa Denko as its preferred negotiating partner for a deal poised to reach 900 billion yen ($8.26 billion), Nikkei has learned.
Business deals
Hitachi nears sale of core chemical unit to Showa Denko
KKR and Carlyle had shown interest in estimated $8bn deal
