Japan's Hitachi kicks off formal process for sale of $5.6b chemical unit

Japan's Hitachi kicks off formal process for sale of $5.6b chemical unit

Photo: REUTERS/Toru Hanai

Japan’s Hitachi Ltd has started the formal process for the sale of its $5.6 billion (£4.5 billion) chemical unit with initial bids due in August, people familiar with the matter said, a deal that is expected to draw interest from global private-equity firms.

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