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Business deals

Hitachi to sell overseas appliance arm to Turkish major for $300m

Japanese manufacturer to tie up with Arcelik and expand overseas sales

Hitachi is rapidly overhauling its group businesses, seeking to concentrate on core operations while shedding others. 

TOKYO -- Hitachi plans to sell a 60% stake in its overseas home appliances business to major Turkish manufacturer Arcelik for $300 million and to jointly bolster the operations abroad, Nikkei has learned.

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