Hitachi aims to sell $1.56bn Hitachi Transport stake to KKR: Nikkei Asia

Hitachi will retain a 10 percent stake in the logistics firm. (Shutterstock)
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Updated 21 April 2022
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Hitachi aims to sell $1.56bn Hitachi Transport stake to KKR: Nikkei Asia

TOKYO: Hitachi Ltd is planning to sell 40 percent of its stake in Hitachi Transport, worth $1.56 billion, to US private equity firm Kohlberg Kravis Roberts, Nikkei Asia reported, without citing the sources. 

According to the report, Hitachi will retain a 10 percent stake in the logistics firm, while KKR is expected to launch a takeover bid to acquire the remaining 90 percent. 

The report noted that KKR is expected to invest more than $4.69 billion on the deal to take Hitachi Transport private. 

The Nikkei Asia report also added that Hitachi will not engage in the logistics business, but will continue to collaborate in logistics systems and other areas. 


India seals $3bn LNG agreement with UAE

Updated 19 January 2026
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India seals $3bn LNG agreement with UAE

  • Leaders hold talks to strengthen trade, defense ties

NEW DELHI, DUBAI: India signed a $3 billion deal on Monday to buy liquefied natural gas from the UAE, making it the Gulf country’s top customer, as the leaders of both countries held talks to strengthen trade and defense ties.

The agreement was signed during a very brief two-hour visit to ‌India by UAE ‌President Sheikh Mohammed bin Zayed Al-Nahyan for talks with Indian ‌Prime Minister Narendra Modi. 

They pledged to double bilateral trade to $200 billion in six years and form a strategic defense partnership.

Abu Dhabi state firm ADNOC Gas will supply 0.5 million tonnes of LNG a year to India’s Hindustan Petroleum Corp. for 10 years, the companies said.

ADNOC Gas said the agreement brings the total value of its contracts with India to over $20 billion.

“India is now the UAE’s largest customer and a ‌very important part of ADNOC Gas’ LNG strategy,” ‍the company said.

The UAE is ‍India’s third largest trading partner and Sheikh Mohammed was accompanied ‍by a government delegation that included his defense and foreign ministers. The two sides signed a letter of intent to work toward forming a strategic defense partnership, India’s Foreign Secretary Vikram Misri told reporters.

Misri, however, said that the signing of the letter of intent with the UAE does not mean that India will get involved in regional conflicts.

“Our involvement on the defense and security front with a country from the region does not necessarily lead to the conclusion that we will get involved in ‌particular ways in the conflicts of the region,” he said.