Hitachi to acquire 80.1% stake in ABB's Power Grids business

Hitachi expects to complete the purchase of an 80.1% stake in ABB's Power Grids business in the first half of 2020, with an enterprise value of $11 billion. The stake is valued at approximately $6.4 billion after deducting debt.

“Hitachi will acquire an 80.1% stake in the power grids business, making it a consolidated subsidiary.”windpowerengineering.com

• 2 sources
• windpowerengineering.comHitachi's purchase of ABB's Power Grids business to be complete in first half of 2020WPED StaffFeb 25, 2020
• pv-magazine-india.comHitachi gets CCI nod to buy 80.1% stake in ABB’s power grid arm - pv magazine IndiaUma GuptaApr 8, 2020

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