Hitachi to sell $1.6 billion Hitachi Transport stake to KKR, Nikkei says

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Hitachi will retain a 10% stake in the logistics company while KKR is expected to launch a takeover bid to acquire the remaining 90%. KKR is expected to spend more than 600 billion yen ($4.69 billion) on the deal to take Hitachi Transport private, Nikkei said.

($1 = 127.9400 yen)