FT: Shipbuilding: the new battleground in the US-China trade war
THE FINANCIAL TIMES reports: Shipping has been at the centre of the global economy for over ...
The Financial Times reports:
Hitachi will sell its 40 per cent stake in logistics company Hitachi Transport System to US private equity group KKR as part of a $5bn deal that is a major step in the sprawling Japanese group’s drive to focus on digital services.
The deal, which will take the Tokyo-listed logistics business private, caps years of reform to transform the Japanese conglomerate into an IT and digital infrastructure specialist by merging and selling off listed subsidiaries previously considered sacred cows.
Last year Hitachi bought Silicon Valley software engineering company GlobalLogic for $9.6bn to bolster its presence in digital services. “Many of our listed subsidiaries are leaving the group based on the scenario that they’ll continue to grow,” Hitachi’s new chief executive Keiji Kojima told reporters in Tokyo…
The full statement is here: “KKR Announces Tender Offer to Acquire Hitachi Transport System“.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Could the Dali have suffered a power loss before bridge crash?
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Strike paralysing Finnish ports extended after talks collapse
Dali cargo owners face massive costs if general average is declared
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article