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HTHIY Hitachi Ltd (PK)

50.68
-0.02 (-0.04%)
07 Jan 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Hitachi Ltd (PK) USOTC:HTHIY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.02 -0.04% 50.68 50.06 51.74 52.71 50.67 52.01 101,570 22:00:01

Hitachi Transport System Considering Being Taken Private by KKR

22/04/2022 2:02am

Dow Jones News


Hitachi (PK) (USOTC:HTHIY)
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From Jan 2022 to Jan 2025

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   By Kosaku Narioka 
 

Hitachi Transport System Ltd. said Friday that it is considering being taken private by KKR & Co. in a bid to achieve sustainable growth.

Hitachi Ltd., which holds a 39.9% stake in the Japanese logistics company, said it is mulling selling its stake in the affiliate.

The two companies made statements after Japanese business daily Nikkei reported that KKR plans to spend more than 600 billion yen ($4.67 billion) to take Hitachi Transport System private.

Both Hitachi Ltd. and Hitachi Transport System said nothing has been decided.

Hitachi has been selling its subsidiaries and affiliates to revamp its business portfolio in recent years.

 

Write to Kosaku Narioka at kosaku.narioka@wsj.com

 

(END) Dow Jones Newswires

April 21, 2022 20:47 ET (00:47 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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