Hitachi to sell about half of its stake in construction unit – NHK

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TOKYO (Reuters) – Japan’s Hitachi (OTC:HTHIY) Ltd has decided to sell about half of its 51% stake in Hitachi Construction Machinery Co (OTC:HTCMY) to trading firm Itochu Corp and investment fund Japan Industrial Partners, broadcaster NHK reported on Thursday.

The sale would represent a final tranche of Hitachi’s decade-long business portfolio overhaul, in which it sold chip-making equipment manufacturer Hitachi Kokusai Electric and chemicals maker Hitachi Chemical in recent years.