(Reuters) -Japanese conglomerate Hitachi is considering selling its domestic home appliance business as part of a continued effort to prioritize the group’s social infrastructure and digital sectors, the Nikkei newspaper has reported.
The deal could be worth around 100 billion yen ($679.49 million) or more, the report said.
Hitachi has reached out to multiple companies to buy its white goods business, with South Korea’s Samsung Electronics being one of its potential suitors, Nikkei said.
However, the report added that Hitachi is keeping the option of retaining the business open as well due to its potential of contributing to the company’s brand recognition among consumers.
Hitachi and Samsung Electronics did not immediately respond to Reuters’ request for a comment.
($1 = 147.1700 yen)
(Reporting by Adwitiya Srivastava in Bengaluru; Editing by Shreya Biswas)
