Brief: ABB: Completes Divestment Of Power Conversion Division To Acbel Polytech Inc
03/07/2023 16:02
July 3 (Reuters) - Abb Ltd ABBN.S :
* HAS COMPLETED DIVESTMENT OF ITS POWER CONVERSION DIVISION
TO
ACBEL POLYTECH INC. WITH AN ENTERPRISE VALUE OF $505 MILLION
* EXPECTS TO RECORD A SMALL NON-OPERATIONAL BOOK GAIN IN
INCOME
FROM OPERATIONS ON SALE IN Q3 OF 2023
Further company coverage: ABBN.S
(Reporting by Berlin Newsroom)
((berlin.newsroom@thomsonreuters.com;))
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