ABB Nears Sale of Power Grids Division to Hitachi in $11 Billion Deal
Credit to Author: Darrell Proctor| Date: Sun, 16 Dec 2018 23:58:55 +0000
Hitachi Ltd. and ABB could announce an $11 billion deal as soon as December 17 in which Hitachi will acquire 80% of ABB’s power grids unit. Reports of the possible deal surfaced December 16, with Bloomberg and others citing sources familiar with the agreement who asked not to be identified. Neither ABB nor Hitachi commented […]
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