Edition:
India

Hitachi Ltd (6501.T)

6501.T on Tokyo Stock Exchange

3,665JPY
11:30am IST
Change (% chg)

¥-49 (-1.32%)
Prev Close
¥3,714
Open
¥3,743
Day's High
¥3,753
Day's Low
¥3,658
Volume
3,022,000
Avg. Vol
3,899,865
52-wk High
¥4,203
52-wk Low
¥2,768

Latest Key Developments (Source: Significant Developments)

Crestview Partners Sells JR Automation To Hitachi For $1.425 Bln
Wednesday, 24 Apr 2019 

April 23 (Reuters) - JR AUTOMATION ::PRESS RELEASE - CRESTVIEW PARTNERS SELLS JR AUTOMATION TO HITACHI FOR $1.425 BILLION.JR AUTOMATION - TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2019.JR AUTOMATION - GOLDMAN SACHS & CO. LLC AND BOFA MERRILL LYNCH ACTED AS FINANCIAL ADVISORS.  Full Article

Global Nuclear Fuel Extends Joint Venture Agreement With Enusa
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Global Nuclear Fuel::GLOBAL NUCLEAR FUEL EXTENDS JOINT VENTURE AGREEMENT WITH ENUSA.GLOBAL NUCLEAR FUEL - AGREEMENT WILL EXTEND THE OPERATION OF GENUSA FOR AN ADDITIONAL SIX YEARS.  Full Article

Hitachi CEO Says Sale Of Horizon Nuclear Unit One Of Future Options
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Hitachi Ltd <6501.T>::HITACHI CEO SAYS SALE OF HORIZON NUCLEAR UNIT ONE OF FUTURE OPTIONS.  Full Article

Hitachi Receives Order From Taiwan Railways Administration For 600 Train Cars-Nikkei
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - NIKKEI: :HITACHI RECEIVES ORDER FROM TAIWAN RAILWAYS ADMINISTRATION VALUED AT ABOUT $1.44 BILLION TO DELIVER ABOUT 600 TRAIN CARS STARTING IN 2021- NIKKEI.  Full Article

Hitachi Will Form A Financial Technology JV With State Bank Of India - Nikkei
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - NIKKEI::HITACHI LTD WILL FORM A FINANCIAL TECHNOLOGY JV WITH STATE BANK OF INDIA .HITACHI WILL TAKE A 26 PERCENT STAKE BY MONTH'S END IN A UNIT OF STATE BANK OF INDIA .  Full Article

ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS 'FIREPOWER' FOR ACQUISITIONS FROM CASH FLOW.CEO SAYS REGULATORY PROCESS INVOLVED WITH DIVESTING POWER GRIDS 'WILL TAKE ITS TIME,' SAYS 12-18 MONTH TIME FRAME FOR POWER GRIDS CARVEOUT IS CUSTOMARY.  Full Article

ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS".SHAREHOLDER CEVIAN SAYS "CONVINCED THIS IS THE RIGHT WAY FORWARD FOR ABB, AND WE FULLY SUPPORT THE STRATEGIC DIRECTION OF THE BOARD AND MANAGEMENT".  Full Article

Hitachi To Transfer Shares In Fully Owned Subsidiary Hitachi Procurement Service To Infosys, Panasonic And Pasona
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Hitachi Ltd <6501.T>::TO TRANSFER SHARES IN FULLY OWNED SUBSIDIARY HITACHI PROCUREMENT SERVICE TO INFOSYS, PANASONIC AND PASONA .HITACHI TO RETAIN 15 PERCENT AFTER SHARE TRANSFER; INFOSYS TO OWN 81 PERCENT, PANASONIC 2 PERCENT, PASONA 2 PERCENT.  Full Article

India's Infosys Says JV With Hitachi, Panasonic And Pasona In Japan
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Infosys Ltd ::INFOSYS ANNOUNCES JOINT VENTURE WITH HITACHI, PANASONIC AND PASONA IN JAPAN.SAYS CO WILL ACQUIRE 81 PERCENT OF THE SHAREHOLDING IN HITACHI PROCUREMENT SERVICE CO., HITACHI’S FULLY OWNED SUBSIDIARY.SAYS HITACHI, PANASONIC AND PASONA WILL BE MINORITY SHAREHOLDERS OF THE ENTITY.DEAL FOR 2,762 MILLION YEN FOR 81 PERCENT STAKE.SAYS TRANSACTION IS EXPECTED TO CLOSE ON OR BEFORE APRIL 1, 2019.  Full Article

Deals of the day-Mergers and acquisitions

May 17 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: