Hitachi Abb-deal

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Hitachi to announce purchase of $7 bn ABB's power grid business today;  pact to be Japanese conglomerate's largest-ever acquisition
Business

Hitachi to announce purchase of $7 bn ABB's power grid business today; pact to be Japanese conglomerate's largest-ever acquisition

Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported

Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition
Business

Hitachi nears $7 billion deal to buy ABB's power grid business; pact to be Japanese conglomerate's largest-ever acquisition

Japan’s Hitachi Ltd is close to agreeing a deal to buy Switzerland based ABB Ltd’s (ABBN.S) power grid business for about 800 billion yen ($7.1 billion)