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.
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.
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