Mitsubishi UFJ Financial and Hitachi are to form a capital and business tie-up in the field of leasing says a Nikkei report; this move will see Hitachi sell a stake of 5% in Hitachi Capital to MUFG and Mitsubishi UFJ Lease & Finance by September. Hitachi will sell stake in Hitachi Capital in a deal worth more than $921m and Hitachi Group Leasing Company will take an interest of almost 30% or less in its Mitsubishi Group counterpart.
Mitsubishi UFJ Financial and Hitachi are to form a capital and business tie-up in the field of leasing says a Nikkei report; this move will see Hitachi sell a stake of almost 30% in Hitachi Capital to MUFG and Mitsubishi UFJ Lease & Finance by September. Hitachi will sell stake in Hitachi Capital in a deal worth more than $921m and Hitachi Group Leasing Company will take an interest of 5% or less in its Mitsubishi Group counterpart.