Hitachi to sell 60% in overseas home appliance biz to Turkey's Arcelik for $300m

Hitachi to sell 60% in overseas home appliance biz to Turkey's Arcelik for $300m

REUTERS/Yuya Shino

Japan’s Hitachi Ltd plans to sell a 60% stake in its overseas home appliance business to Turkish consumer electronics maker Arcelik AS for about $300 million, and jointly operate the business, the Nikkei newspaper said on Sunday.