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Japan's Nojima to buy Hitachi home-appliance unit for $690 mln

( April 21, 2026, 07:09 GMT | Official Statement) -- MLex Summary: Japanese retailer Nojima agreed with Hitachi on Tuesday to acquire a majority stake in Hitachi’s home-appliance business for 110 billion yen ($690 million), as the companies seek to combine Nojima’s consumer-facing strengths with Hitachi’s manufacturing capabilities. Through a series of share transfers, Nojima will hold 80.1 percent of a new company that absorbs Hitachi’s domestic consumer-appliance unit and its overseas appliance operations, while Hitachi Global Life Solutions will retain 19.9 percent. The new entity will also acquire a 60 percent stake in Hitachi’s overseas appliance joint venture with Turkish company Arçelik. The transaction is expected to close in the fiscal year ending March 31, 2027, subject to regulatory approvals, including competition clearances, Hitachi said.Statement is attached. ...

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