HITACHI LOOKING TO SELL ITS SUBSIDIARY HITACHI METALS LTD.

Highlights –

• Hitachi looking to sell its subsidiary Hitachi Metals Ltd.
• Hitachi is in talks with U.S private equity fund Bain Capital for the same.
• Hitachi will also negotiate with Japan Industrial Partners Inc. for the sale.
• In the nine months to December, Hitachi Metals had a net loss of 33.94 billion yen.

Japan’s industrial conglomerate Hitachi....