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Hitachi to raise $9.26bn in renewed push for growth

Japanese group ready to take on debt after restructuring phase

Hitachi intends to invest a total of about 4.5 trillion yen.   © Reuters

TOKYO -- Hitachi intends to raise about 1 trillion yen ($9.26 billion) through bonds and loans by the fiscal year ending March 2022, adopting an aggressive financing posture to accelerate its growth strategy.

The Japanese manufacturer intends to invest a total of about 4.5 trillion yen, using capital made from its regular business operations as well as asset disposals, in addition to the fresh financing.

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