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Companies

Hitachi to sell half its stake in Hitachi Construction Machinery

Sale to Itochu, Japan Industrial Partners to fetch $1.7bn

The sale of Hitachi Construction Machinery will represent a final tranche of Hitachi's decadelong business portfolio overhaul.

TOKYO -- Japan's Hitachi has decided to sell about half its 51% stake in Hitachi Construction Machinery for 200 billion yen ($1.7 billion) to trading house Itochu and investment fund Japan Industrial Partners, Nikkei has learned.

The sale will represent a final tranche of Hitachi's decadelong business portfolio overhaul.

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