RHJ International has sold its remaining interest in U-shin, the holding company said in a statement today.
RHJ has offloaded a 7.8% stake in the Japanese automotive component group, which makes door locks and latches, for total cash proceeds of JPY3,445m (US$38.7m) compared to a carrying value of JPY 3,200m.
The move is part of a withdrawal by RHJ from non-financial businesses.
RHJ last year lost out in its attempts to acqure GM’s European unit Opel.
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