# 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.

- Type: Acquisition
- Announced: 2020-01-07
- Where: Shanghai, China
- Status: completed
- Products: electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md)
- [Shanghai Guangdian Electric Group](https://endata.com/companies/43016.md) (acquirer)

## Sources

- [iex.nl](https://www.iex.nl/Forum/Topic/1183549/Koffiekamer_ABB.aspx?page=12), 2020-01-07: "The completion of this divestment reduces the complexity of the Electrification business in China and improves our focus in this key market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.