SG Holdings, Hitachi Transport to scrap capital tie-up, Japan magazine says

SG Holdings and Hitachi Transport System plan to cancel a more than four-year-old capital alliance as the tie-up has not produced as much synergy as expected, Japan's Diamond magazine reported on Thursday.

TOKYO, Sept 24 (Reuters) - SG Holdings 9143.T and Hitachi Transport System 9086.T plan to cancel a more than four-year-old capital alliance as the tie-up has not produced as much synergy as expected, Japan's Diamond magazine reported on Thursday.

Shares of SG Holdings fell 2%, while Hitachi Transport dropped almost 7%.

(Reporting by Hideyuki Sano; Editing by Clarence Fernandez)

((hideyuki.sano@thomsonreuters.com; +81 3 4563 2768;))

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