News
19 December 2018

ABB to sell power grid business to Hitachi in $6.4bn deal

In:
Power, Renewables
Region:
Europe

Hitachi has agreed to acquire 80.1% of Swiss engineering company ABB Ltd.’s power grid division for around $6.4 billion. ABB will have an option to sell its remaining 19.9% stake three years after the deal is completed. The division makes transformers, long distance electricity-transmission...

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