NEC To Sell Lenovo Stake

Tuesday, September 4, 2012

NEC To Sell Lenovo Stake

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NEC Corp will reportedly l sell its stake in China's Lenovo Group in a transaction worth about 18 billion yen ($230 million), a source 'with direct knowledge of the matter' told Reuters on Tuesday.

The source added to Reuters that NEC would maintain its joint venture with Lenovo in Japan.