• Kyodo

  • SHARE

U.S. investment fund KKR & Co. is expected to buy Hitachi Ltd.’s power tool manufacturing subsidiary for more than ¥150 billion ($1.3 billion), sources said Wednesday.

The global investment firm holds the priority negotiation rights over the acquisition of Hitachi Koki Co. and an agreement could be reached as early as next month, the sources said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)