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Hitachi Sells Remaining Stake in Hitachi Construction Machinery

Hitachi logoHitachi
Sig3.38Sen-0.92Env0.00Soc0.00Gov+0.65

Hitachi will sell all remaining shares in Hitachi Construction Machinery, ending a six-year separation from the construction business. SMBC will temporarily become a major shareholder and then resell the shares to institutional investors in Japan and overseas on Aug. 19. The plan follows earlier steps including a 2022 partial stake sale and a planned rebrand of the unit as Landcros in 2027.

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