business

Hitachi to buy majority stake in ABB's power grid arm for $6.4 bil

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By Eric Cabanis

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© 2018 AFP

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GE sold off most of it's power group to ABB earlier this year. They don't have much left at all. So Toshiba will be the biggest and what happens to the ABB sites in the US is anybody's guess.

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The Japanese would never allow a foreign company to buy such important assets. The Japanese companies keep buying up abroad. Yet they face no competition at home.

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