Hitachi offers to sell assets in France, Germany for EU approval of Thales deal'The proposed remedy includes the divestment of our mainline signalling business in France and Germany,' the spokesperson said
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FILE PHOTO: The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020.
Credit: Reuters Photo
Hitachi has offered to sell assets in France and Germany in a bid to address EU antitrust concerns about its proposed 1.7 billion-euro ($1.8 billion) buy of Thales' GTS railway signalling business, a Hitachi spokesperson said on Monday.
"The proposed remedy includes the divestment of our mainline signalling business in France and Germany," the spokesperson said, confirming a Reuters story published last week. ($1 = 0.9355 euro)