TaxTMI 
TaxTMI 
CCI approves Hitachi's proposed acquisition of 80.1% in power grid business of ABB Limited
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....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....
X X X X Extracts X X X X
X X X X Extracts X X X X
....low.<BR> News - Press release - PIB....