Hitachi Sells Its Entire Stake in Hitachi Construction Machinery, Which Answers With a ¥34bn Buyback
Hitachi, Ltd. is offloading all 21.46 million shares it holds in Hitachi Construction Machinery, worth 10.1% of the voting rights, and the machinery maker will spend up to ¥34bn buying back almost a third of that block to cushion the market impact.