Hitachi in advanced talks to acquire ABB's Power Grid business for up to $7.05B

Hitachi is in advanced negotiations to acquire ABB's power grid business in a deal potentially valued at up to $7.05 billion. Hitachi intends to initially acquire a 50% stake and later make it a wholly-owned subsidiary.

“Hitachi is in the final stage of talks to purchase this ABB unit for an estimated sum of 800 billion yen.”hbuk.co.uk

• 1 source
• hbuk.co.ukHitachi reaches deal worth up to $7bn for ABB’s Power Grid – Headline BulletinMichele KelseyApr 24, 2021

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