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The approval signals continued momentum in global capital consolidation within the construction and heavy equipment sector.
CCI approved Citrus Investment LLC's acquisition of full control over HCJI Holdings K.K.
KEY POINTS
- Citrus will acquire an additional 0.4% stake in Hitachi Construction Machinery via open market purchases.
- HCJI will transition from a 50:50 joint venture to a wholly owned Citrus entity through a share buyback.
- The transaction consolidates Citrus's decision-making and streamlines governance in Hitachi Construction Machinery's ownership.
COMPANIES
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