CCI approves Hitachi's proposed acquisition of 80.1% in power grid business of ABB Limited

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....CI approves Hitachi's proposed acquisition of 80.1% in power grid business of ABB Limited <br>News and Press Release<br>Dated:- 8-4-2020<br><BR>The Competition Commission of India (CCI) approves propo....

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....sed acquisition of 80.1% stake by Hitachi in the power grid business of ABB Limited, in its meeting held through video conferencing The proposed combination envisages acquisition of 80.1% share capit....

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....al of ABB Management Holding AG (ABB Management) by Hitachi Limited (Hitachi) from ABB Limited (ABB). ABB Management will hold the entire power grid business of ABB (Target Business). Hitachi, headqu....

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....artered in Japan, is the parent company of the Hitachi group of companies. It is active in a variety of business segments including IT Solution, Energy Solution, Industry Solution, Mobility Solution, ....

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....and Smart Life Solution. The Target Business involves development, engineering, manufacturing and sale of products, systems and projects in the power grids sector. Detailed order of the CCI will fol....

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....low.<BR> News - Press release - PIB....