ABB considers selling its power grid division

Several Asian companies are reportedly in talks with the industrial conglomerate regarding the sale of its power grid division for a large sum in the double-digit USD billions.
Photo: ABB
Photo: ABB

Swiss-Swedish ABB may very well be in the midst of a massive divestment, reports both Reuters and Financial Times citing information from anonymous sources saying that the industrial conglomerate is in talks with potential buyers about the sale of its power grid business – a transaction said to be worth approximately USD 11-13 billion including debt.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading