Deals
Hitachi Takes on Poland's Top Bank in Race for Auto-Leasing Firm
- Japanese conglomerate outbids PKO for Prime Car Management
- Manufacturer has been focusing investments on digital assets
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Hitachi Ltd. is seeking to buy Polish leasing and vehicle-fleet operator Prime Car Management SA, potentially setting up a bidding war between the country’s largest lender and the Japanese manufacturing conglomerate.
A local leasing and fleet-management unit of Hitachi offered to acquire all shares of Gdansk-based Prime Car at 12.09 zloty each, according to a filing. That would value the company at 143.9 million zloty ($38.3 million), and compares with a bid of 11.38 zloty a share from the leasing arm of PKO Bank Polski SA last month.