Hitachi mulling over stake sale in US$1.9b Kokusai unit: sources
London
HITACHI LTD is considering a sale of its controlling stake in Hitachi Kokusai Electric Inc that could ultimately lead to a takeover of the entire unit, people familiar with the matter said.
Hitachi Kokusai, which produces equipment for semiconductor makers and wireless-network gear manufacturers, has drawn interest from potential bidders, said the people, who asked not to be identified because the discussions are private. The deliberations are at an early stage, and Hitachi may decide …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Swiss watch exports plunge as China and Hong Kong demand dries up
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Billionaires selling cheap stuff get richer from inflation pain
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
Japan’s Uniqlo opens Rome store as part of European expansion
Abbott beats quarterly profit estimates on strong medical device sales