Hitachi in talks with Bain to sell metals unit for over 800

Hitachi in talks with Bain to sell metals unit for over 800 bln yen


Hitachi in talks with Bain to sell metals unit for over 800 bln yen - Nikkei
Reuters
2 hrs ago
TOKYO, April 8 (Reuters) - Japanese industrial conglomerate Hitachi Ltd picked a group led by Bain Capital as the preferential bidder for its metals unit in a deal likely to top 800 billion yen ($7.3 billion), Nikkei reported on Thursday.
Bain, Japan Industrial Partners and Japan Industrial Solutions are considering buying a 53% stake in Hitachi Metals , the financial daily said.
Hitachi Metals recently announced it was buying U.S. software company GlobalLogic for $9.6 billion. But in recent years it has also been divesting domestic hardware assets, including chemical and imaging businesses, aiming to pivot to services instead.

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