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Fujitsu is aiming for a fast sale of its whole stake in air-conditioning manufacturing unit Fujitsu Basic to assist streamline its operations, and isn’t contemplating a partial divestment, its chief government officer mentioned.
The Japanese IT agency, which in its heyday made all the things from laptops and supercomputers to chips, cell phones and residential home equipment, has hived off a lot of its shopper product lineup to concentrate on communications and knowledge know-how techniques for companies. Like Hitachi and Toshiba, which noticed their fortunes rise throughout Japan’s postwar financial increase, Fujitsu is shedding noncore operations.
That features parting with its Fujitsu Basic shares, price about ¥140 billion ($1.1 billion).
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