A motorcyclist rides near an electricity transmission pylon in Nandurbar district, Maharashtra, India. (Photographer: Dhiraj Singh/Bloomberg)

ABB Nears Sale of Power Grids to Hitachi in $11 Billion Deal

(Bloomberg) -- ABB Ltd. is nearing an agreement to sell about 80 percent of its power-grids unit to Hitachi Ltd. in a deal that would value the entire business at about $11 billion, according to pe...

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