Japan's Hitachi to sell about 50% of its stake in construction unit


TOKYO: Japan's Hitachi Ltd said on Friday it plans to sell about half of its stake in Hitachi Construction to trading company Itochu in a sale worth about 182.4 billion yen ($1.60 billion).

Itochu will buy Hitachi's stake for 3,300 yen a share with Japan Industrial Partners. Hitachi currently owns a 51.5% stake in the construction company.

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