Is ABB selling its power grid line?
According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric.
to eventually sell its power network business or part of it.
If it is possible, they would like to reserve a part for themselves and then sell it separately at a later time.
With an agreement it could possibly happen very quickly, but perhaps ABB would like to negotiate the one or the other additional element; then it would not happen until the beginning of the new year.
The division had a turnover of USD 10.4 bn (EUR 9.2 bn) in 2017 and that, according to expert opinion, should be at least the amount that one would like to redeem.