Japan's Hitachi nears deal to sell chemical unit to Showa Denko - Nikkei
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TOKYO (Reuters) - Japanese conglomerate Hitachi Ltd is nearing a deal to sell its 51% stake in Hitachi Chemical Co Ltd to Showa Denko KK in a transaction that could be worth about 950 billion yen (£6.82 billion), the Nikkei https://asia.nikkei.com/Business/Business-deals/Hitachi-nears-sale-of-core-chemical-unit-to-Showa-Denko reported on Monday.Following the sale, Showa Denko, a chemical engineering group, buy the rest of Hitachi Chemical's outstanding shares through a tender offer, the..