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Hitachi Said to Weigh Options for $1.6 Billion Unit Stake

  • Japanese conglomerate working with financial adviser on review
  • Potential buyers for 40% stake include buyout firms, companies
Updated on

Hitachi Ltd. is considering options to streamline its business including the potential sale of its minority stake in a transportation unit, according to people familiar with the matter.

The Japanese conglomerate is working with a financial adviser to field interest for its 40% stake in Hitachi Transport System Ltd., the people said, asking not to be identified because the matter is private. Potential buyers for the stake, worth about $1.6 billion at Hitachi Transport’s current market value, include private equity firms and industry players, the people said.