CCI approves Hitachi’s proposed acquisition of 80.1% in power grid business of ABB Limited
The Competition Commission of India (CCI) approves proposed acquisition of 80.1% stake by Hitachi in the power grid business of ABB Limited, in its meeting held today through video conferencing
The proposed combination envisages acquisition of 80.1% share capital of ABB Management Holding AG (ABB Management) by Hitachi Limited (Hitachi) from ABB Limited (ABB).
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