Hitachi Transport System Considering Being Taken Private by KKR
April 21 2022 - 9:02PM
Dow Jones News
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)
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