Hitachi nearing deal to sell chemical unit to Showa Denko - Nikkei

(Reuters) - Japan's Hitachi Ltd is nearing a deal to sell its unit Hitachi Chemical to Showa Denko in a transaction that could be worth about 950 billion yen (7.45 billion pounds), the Nikkei https://asia.nikkei.com/Business/Business-deals/Hitachi-nears-sale-of-core-chemical-unit-to-Showa-Denko reported on Monday.If a deal is reached, Showa Denko, a chemical engineering group, would purchase Hitachi's 51% stake in Hitachi Chemical, then buy the rest of the shares through a tender offer, the..