Deals
Turkey’s Arcelik Is in Talks to Buy Hitachi Home Appliance Arm
- Deal for overseas business could be reached within weeks
- Potential transaction may be valued at around $500 million
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Turkey’s Arcelik AS is in advanced talks to take over Japanese industrial conglomerate Hitachi Ltd.’s overseas home appliance business, people with knowledge of the matter said.
An agreement may be reached as soon as the next few weeks, the people said, asking not to be identified because the information is private. The transaction could be valued at around $500 million, according to the people.