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Hitachi Announces Sale of Metals Unit to Bain-Led Consortium

Hitachi Announces Sale of Metals Unit to Bain-Led Consortium

   Tokyo, April 28 (Jiji Press)--Hitachi Ltd. <6501> said Wednesday it will sell listed subsidiary Hitachi Metals Ltd. <5486> to a consortium led by U.S. private equity firm Bain Capital and Japan Industrial Partners Inc.
   Hitachi will sell all of its 50 pct-plus stake in the subsidiary to the consortium for some 382 billion yen.

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AFP-JIJI PRESS NEWS JOURNAL


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