Source: The Economic Times

ABB: ABB sells $1.6 billion venture stake back to Hitachi, takes South Africa charge

"ABB does not expect to record any significant gain or loss as a result of the sale. ABB expects net positive cash inflows of approximately $1.425 billion upon closing of the sale," which is set to close before the end of the year, pending regulatory approvals, it said in a statement.

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Bjorn Rosengren's photo - President & CEO of ABB

President & CEO

Bjorn Rosengren

CEO Approval Rating

77/100

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