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Problems at overseas subsidiaries eat at Hitachi

Japanese conglomerate in legal fight with foreign activist shareholder

Hitachi is aiming for 1 trillion yen ($8.94 billion) in sales for its railway business in the medium to long term driven mainly by major projects and acquisitions in Europe.

TOKYO -- Hitachi has been trying to resolve the problem of a parent and subsidiary listing their stocks together in the stock market, but the Japanese electronics maker has been troubled by its Italian unit.

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