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Hitachi acquires ABB's power grids business for $11 bn
Power electronics giant Hitachi has agreed to acquire ABB’s power grids business in an $11 billion (£8.7 billion) deal. Initially, Hitachi will acquire an 80.1 per cent stake in the power grids business and expects to close the acquisition in the first half of 2020, making power grids a consolidated subsidiary. Read more
