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ABB confirms discussions regarding the sale of part of the company

All trading in the verkstadsjätten ABB was stopped for more than an hour in the morning.

the Share had before the stop has risen by close to three percent on the tasks that the company is nearing a sale of the business area Power Grids to Hitachi, according to Reuters, which refers to the japanese business daily Nikkei.

When trading was resumed at 12 o'clock low to the rise in prices remains closer to around three per cent.

Hitachi's board of directors has confirmed that the company would go ahead with the deal, which is valued at around seven billion u.s. dollars, equivalent to approximately sek 64 billion, according to Nikkei.

also Read: ABB is considering the deal with the asian company

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