Hitachi Said to Weigh Options for $1.6 Billion Unit Stake

[view original post]


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.