Hitachi, Ltd. (TSE:6501) is preparing to sell part of its stake in Hitachi Transport System, Ltd. (TSE:9086) for around JPY 200 billion ($1.56 billion) to KKR & Co. Inc. (NYSE:KKR) (KKR), Nikkei has learned. KKR obtained preferential negotiation rights for Hitachi's share in the logistics company.

Hitachi currently has a 40% stake and will retain a 10% stake after the deal. If the negotiations come together, KKR may approach other shareholders in the logistics company with a takeover bid. Such a takeover, which would give KKR around 90% stake in the company, is projected to cost JPY 600 billion, including shares held by Hitachi.

Hitachi would support such a move by KKR.