trending Market Intelligence /marketintelligence/en/news-insights/trending/X0l2cVABN9l5osmbMZDx6Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Hitachi confirms sale of chemical unit to Showa Denko with ¥494B deal

Infographic: Understanding the Shift in Trade Credit for Small-Medium Enterprises (SMEs)

Mining Insights Newsletter June 2020

Climate Related Considerations In The Metals And Mining Sector

Pandemic to propel rise of mobile payments in India's 781B point of sale market


Hitachi confirms sale of chemical unit to Showa Denko with ¥494B deal

Hitachi Ltd. announced Dec. 18 that it has agreed to sell its entire stake in Hitachi Chemical Co. Ltd. to Showa Denko K.K. subsidiary HC Holdings K.K. in a roughly ¥494 billion deal, confirming earlier reports.

Under the deal terms, Hitachi will sell all of its 106,699,955 shares in the chemical unit, translating to a more than 51% stake, at ¥4,630 apiece, in response to the Japanese chemical company's tender offer, which is expected to begin in February 2020 and extend for a period of 20 days.

The sale of its chemical unit, which provides semiconductor-related products, would allow Hitachi to focus on the manufacture of high-functional materials.

Following the transaction, which Hitachi expects to conclude by the next fiscal year, the Japanese industrial conglomerate estimates extraordinary gains of ¥478.0 billion on the sale. It also expects to post ¥278.0 billion in gains on business reorganization and other transactions.

Hitachi reportedly initiated the sale process in July.

The sale of Hitachi's chemical arm comes shortly after a ¥179 billion sale of its diagnostic imaging device unit to FUJIFILM Holdings Corp. as the company accelerates its efforts to reorganize its business.

As of Dec. 17, US$1 was equivalent to ¥109.53.