 "hitachi")
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.
The Japanese industrial conglomerate aims to improve profit via the deal with the Turkish company--which has a business network in Europe and Africa--by expanding sales of its Hitachi-brand appliances, the paper said without citing sources.
The overseas business of Hitachi Global Life Solutions Inc, its home appliance unit, is worth about $500 million, according to Nikkei. The unit sells products in China and Southeast Asia,
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