Hitachi, Ltd. (TSE:6501) plans to sell part of its stake in subsidiary Hitachi Construction Machinery Co., Ltd. (TSE:6305), informed sources said October 23, 2020. Investment funds and others in Japan and abroad are showing interest in the subsidiary, the sources said. The move is part of an effort by the Japanese machinery maker to reorganize its publicly traded subsidiaries.

Hitachi is also considering selling Hitachi Metals Ltd. as part of the effort. The three companies are all listed on the first section of the Tokyo Stock Exchange. Currently, Hitachi owns some 51% of Hitachi Construction Machinery and is considering selling about half of its shares, the sources said.