ABB sells stake in ABB Alstom Power

ABB has continued its shift out of power generation and into power distribution, e-business and IT by selling its 50% stake in ABB Alstom Power to Alstom. ABB and Alstom merged most of their power generation activities last June to create a joint-owned company. Earlier this month ABB finalised the sale of its nuclear activities […]

ABB has continued its shift out of power generation and into power distribution, e-business and IT by selling its 50% stake in ABB Alstom Power to Alstom. ABB and Alstom merged most of their power generation activities last June to create a joint-owned company. Earlier this month ABB finalised the sale of its nuclear activities to BNFL.