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United Kingdom

Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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Tue, Feb 19 2019

BRIEF-ABB Wins $42 Million Order For Train Technologies From Indian Railways

* ABB WINS $42 MILLION ORDER FOR TRAIN TECHNOLOGIES FROM INDIAN RAILWAYS

ABB to sell Power Grids to Hitachi, revamp business structure

ZURICH ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders. | Video

ABB relents to activist shareholder and unloads Power Grids unit

TOKYO/ZURICH ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters.

ABB relents to activist shareholder and unloads Power Grids unit

TOKYO/ZURICH ABB will sell a majority stake in its Power Grids division to Japan's Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters.

UPDATE 3-ABB relents to activist shareholder and unloads Power Grids unit

* Shares in ABB flat after rising 2.5 percent at market open (Adds comments from shareholders, Hitachi analyst, details throughout)

BRIEF-ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow

* CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS 'FIREPOWER' FOR ACQUISITIONS FROM CASH FLOW

BRIEF-ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"

* SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS"

ABB to sell Power Grids to Hitachi, revamp business structure

ZURICH, Dec 17 ABB reached a deal with Japan's Hitachi to sell its Power Grids division, with the Swiss engineering group adding it plans to return net cash proceeds of $7.6-7.8 billion from selling the 80.1 percent stake in the unit to shareholders.

Swiss stocks - Factors to watch on Dec. 17

ZURICH/BERLIN, Dec 17 Here are some of the main factors that may affect Swiss stocks on Monday:

Hitachi to announce purchase of ABB's power grid business Monday - Nikkei

TOKYO Hitachi Ltd and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group's power grid business, paying up to $7 billion (5.6 billion pounds) for an initial 50 percent stake, the Nikkei business daily reported.

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