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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
From May 2019 to May 2024
Brian Blackstone
Zurich--NKT Cables is acquiring ABB's global high-voltage cable system unit, which has a total enterprise value of 836 million euros ($934 million), ABB said Wednesday.
The unit being divested "is part of ABB's Power Grids division, which is currently undergoing a strategic review," ABB said.
NKT Cables employs around 3,200 people and had 2015 revenue of EUR1.2 billion.
Write to Brian Blackstone at brian.blackstone@wsj.com
(END) Dow Jones Newswires
September 21, 2016 02:37 ET (06:37 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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