◂ Announcements

Jan 7, 2020ACQUISITIONShanghai, China

ABB completes divestment of two Electrification joint ventures in Shanghai

ABB completed the divestment of its shares in Shanghai ABB Breakers Co Ltd and Shanghai ABB Guangdian Electric Co Ltd to Shanghai Guangdian Electric Group. Financial details were not disclosed.

Status

Completed

Productselectrical equipment

CompaniesABB Shanghai Guangdian Electric Group acquirer

Sectors#Electrical Equipment

“The completion of this divestment reduces the complexity of the Electrification business in China and improves our focus in this key market.”iex.nl

1 source
iex.nlForum: Koffiekamer » ABB? » Pagina: 12Jan 7, 2020

Summarized from public sources; check the original articles before acting on it.

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ABB completes divestment of two Electrification joint ventures in Shanghai · Endata