Hitachi to purchase Swiss ABB's power-grid business for $6.4 billion
( December 17, 2018, 06:36 GMT | Official Statement) -- MLex Summary: Japan’s Hitachi said today that it will purchase the power-grid operation of Swiss ABB Ltd. Hitachi will purchase 80.1 percent of ABB’s power-grid business for $6.4 billion by the first half of 2020, which values the business at $11 billion.The company’s statement, in Japanese, is attached....
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