ABB in talks with three Asian suitors to sell power grids business

ABB in talks with three Asian suitors to sell power grids business

FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen in Baden, Switzerland June 23, 2017. REUTERS/Arnd Wiegmann/File Photo

ABB is in talks with Hitachi Ltd and Mitsubishi Electric Corp to sell all or part of the Swiss engineering group’s embattled power grids business, sources familiar with the issue told Reuters.

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