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gis hitachi abb power grids End of Life Services suppliers

Hitachi Buys ABB's Power Grids Division | ARC Advisory Group will sell its Power Grids division to Japan's Hitachi. The Swiss engineering group intends to return 100% of the estimated net cash proceeds of $7.6-7.8 billion (80.1% of the division) from the sale to its shareholders. ABB will initially retain 19.1 percent of the division to ensure transition, with an option to sell to Hitachi after three years.

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