Fujitsu General’s $1.1 Billion Stake Sale Is Said to Stall
- Majority stake sale halted as shares jump 40% in a year
- Japanese tech firm had shortlisted Bain, KKR, Nibe for stake
This article is for subscribers only.
The sale of Fujitsu Ltd.’s majority stake in its air-conditioner manufacturing unit has stalled as the bidders have been unable to agree on a price with the Japanese firm, according to people familiar with the matter.
A rise in the shares of Fujitsu General Ltd. has weighed on the negotiations for the 42% stake, the people said, asking not to be identified because the matter is private.