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ABB Power Grids

Hitachi-ABB Power Grids takeover could boost e-mobility and energy storage

The Japanese brand has closed the initial $6.85 billion purchase price for 80% of the Power Grids business that was owned by ABB. The buyer will have the option of purchasing the outstanding shares in 2023.

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ABB board donate 10% of salary to Covid-19 struggle

The company has warned shareholders about the potential affect of the virus on its operations in the first half of the year but said Chinese operations had almost returned to normal.

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