ABB : Hitachi might acquire Power Grids – cash returns in sight at ABB?
>ABB confirmed that it is in talks with Hitachi - ABB issued a press release stating that it is in talks with Hitachi “to expand and redefine the partnership†in power grids (PG), but that there is no certainty that the talks will lead to a transaction. The article in Japanese daily The Nikkei mentions a potential acquisition of a 50% stake in PG and a valuation of JPY 600-800bn ($ 5.3-7.1bn); we estimate that these figures correspond to the 50% mentioned. Recently, a...ABB specializes in power and automation technologies. Co. provides a broad range of products, systems, solutions and services that are designed to boost industrial productivity, increase power grid reliability, and enhance energy efficiency. Co.'s automation businesses serve a full range of industries with process optimization, control, measurement and protection applications. Co.'s power businesses focus on power transmission, distribution and power-plant automation, and support electric, gas and water utilities, as well as industrial and commercial customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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