Hitachi mulls sale of partial stake in Hitachi Construction, JIC may invest -Nikkei

Credit: REUTERS/ARND WIEGMANN

Japan's Hitachi Ltd is considering selling about half of its roughly 51% stake in Hitachi Construction Machinery, the Nikkei business daily reported on Friday.

TOKYO, Oct 23 (Reuters) - Japan's Hitachi Ltd 6501.T is considering selling about half of its roughly 51% stake in Hitachi Construction Machinery 6305.T, the Nikkei business daily reported on Friday.

State-backed fund Japan Investment Corporation may invest in the subsidiary, the Nikkei added.

(Reporting by Makiko Yamazaki, Chang-Ran Kim and Tetsushi Kajimoto Editing by Chang-Ran Kim)

((tetsushi.kajimoto@thomsonreuters.com))

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