Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo  >  Hitachi, Ltd.    6501   JP3788600009

HITACHI, LTD.

(6501)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Thyssenkrupp shortlists three private equity consortia in elevator sale - sources

share with twitter share with LinkedIn share with facebook
share via e-mail
01/20/2020 | 10:49am EST
FILE PHOTO: The logo of Thyssenkrupp is seen near elevators at its headquarters in Essen, Germany

Thyssenkrupp has shortlisted three private equity consortia in the auction of its prized 15 billion euro (£12.8 billion) elevator business, people close to the matter said, adding that peer Kone could still submit a bid later this month.

FRANKFURT (Reuters) - Thyssenkrupp has shortlisted three private equity consortia in the auction of its prized 15 billion euro (£12.8 billion) elevator business, people close to the matter said, adding that peer Kone could still submit a bid later this month.

A consortium of buyout groups Advent and Cinven, which are working with Germany's RAG Stiftung remain in the running as does a bidding team led by Carlyle and Blackstone, and a third group led by Brookfield, the people said.

Kone, which is working with private equity firm CVC, has been given time until January 27 to submit an offer, the sources said.

Thyssen and the bidders declined to comment or were not immediately available for comment.

Thyssenkrupp, under pressure after numerous profit warnings, needs to rake in cash by selling all or part of its elevator business, the world's fourth-largest industry player and by far the group's most profitable asset.

The group has launched a dual-track process for the division, which could result in a sale or a listing, but chances for the latter are seen dwindling as proceeds from a partial flotation might not be sufficient.

(Reporting by Arno Schuetze, Christoph Steitz and Matthias Inverardi; Additional reporting by Tom Käckenhoff; Editing by Michelle Martin)

Stocks mentioned in the article
ChangeLast1st jan.
HITACHI, LTD. -1.15% 4116 End-of-day quote.-11.25%
KONE -4.60% 55.22 Delayed Quote.-0.69%
THE BLACKSTONE GROUP INC. 0.02% 62.95 Delayed Quote.12.53%
THE CARLYLE GROUP INC. -2.46% 32.13 Delayed Quote.0.16%
THYSSENKRUPP AG -3.04% 10.85 Delayed Quote.-9.88%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on HITACHI, LTD.
02/17TIMELINE : Alstom, Bombardier and Siemens merger attempts
RE
02/13MITSUBISHI HEAVY INDUSTRIES : MHPS Signs Agreement with U.S. Firm KBR to Expand ..
AQ
02/12ALFRED SCHINDLER : Thyssenkrupp-Kone elevator merger would trigger legal war - S..
RE
02/10HITACHI : and VietCredit Start a Demonstration Experiment to Provide
AQ
02/10HITACHI : Plays a Part in Powering Good and Powering Thailand
AQ
02/09HITACHI : and VietCredit Start a Demonstration Experiment to Provide New Financi..
PU
02/04MITSUBISHI HEAVY INDUSTRIES : NGK SPARK PLUG and Mitsubishi Hitachi Power System..
AQ
02/04HITACHI : Terminal Solutions to assume ATM management for Thai state-owned bank
AQ
01/31Apple supplier Japan Display gets $920 million bailout from Ichigo
RE
01/31Hitachi makes $5 bln offer for full control of industrial gear unit
RE
More news
Financials (JPY)
Sales 2020 8 914 B
EBIT 2020 707 B
Net income 2020 225 B
Debt 2020 833 B
Yield 2020 2,32%
P/E ratio 2020 16,4x
P/E ratio 2021 7,10x
EV / Sales2020 0,54x
EV / Sales2021 0,51x
Capitalization 3 977 B
Technical analysis trends HITACHI, LTD.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 5 612,73  JPY
Last Close Price 4 116,00  JPY
Spread / Highest target 50,6%
Spread / Average Target 36,4%
Spread / Lowest Target 21,5%
EPS Revisions
Managers
NameTitle
Toshiaki Higashihara President, Chief Executive Officer & Director
Hiroaki Nakanishi Chairman
Mitsuaki Nishiyama Chief Financial Officer & Senior GM-Finance
Norihiro Suzuki CTO, Managing Executive Officer, Manager-R&D Group
George William Buckley Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
HITACHI, LTD.-11.25%36 649
HONEYWELL INTERNATIONAL INC.2.15%129 195
GENERAL ELECTRIC COMPANY14.96%112 051
SIEMENS AG-7.43%93 811
3M COMPANY-8.73%92 677
ILLINOIS TOOL WORKS INC.4.58%60 379