EnergyWatch

ABB approaching billion sale

The industry conglomerate is coming closer to a sale of its power grid division for major sum.

Photo: ABB

Swedish-Swiss engineer group ABB confirms negotiations with Hitachi.

ABB issued a press release today after Japanese newspaper Nikkei wrote that the companies were in the final stages of a sale of ABB's power grid business for SEK 65 billion (EUR 6.31 billion).

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