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.
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.