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/ Apr 27, 2017

Hitachi to sell chip-making device subsidiary to KKR

Hitachi Ltd. said Wednesday it will sell its 51.7 percent stake in chip manufacturing device maker Hitachi Kokusai Electric Inc. to U.S. investment fund Kohlberg Kravis Roberts to streamline operations and focus on core businesses. KKR plans to acquire all shares in Hitachi Kokusai ...

/ Apr 26, 2017

Shoko Chukin extended ¥19.8 billion in fraudulent loans

The government-affiliated Shoko Chukin Bank has discovered that 35 of its branches illicitly extended loans worth ¥19.8 billion under a low-interest financing program intended to help crisis-hit small businesses. According to a report released Tuesday by the bank’s third-party investigative panel, 816 loans were ...

/ Apr 26, 2017

Hitachi may team up with U.K. fund to buy Toshiba unit

Hitachi may work with a British investment fund to acquire Swiss power-meter maker Landis+Gyr, a Toshiba unit being considered for sale, sources said. The acquisition is expected to cost more than ¥200 billion. A recent proposal calls for CVC Capital Partners to acquire a ...

/ Apr 24, 2017

Embattled Toshiba planning to spin off four key operations

Toshiba Corp. said Monday it will spin off four key operations, including its infrastructure systems, to keep its shaky financial standing from affecting its healthy businesses. Roughly 24,000 of about 30,000 Toshiba employees are likely to be transferred to the newly established companies, but ...