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ABB to Sell Remaining Stake in Hitachi Energy to Hitachi; ABB Expects Net Positive Cash Inflows of Approximately $1.425B Upon Closing of the Sale

ABB to Sell Remaining Stake in Hitachi Energy to Hitachi; ABB Expects Net Positive Cash Inflows of Approximately $1.425B Upon Closing of the Sale

ABB将把日立能源的剩余股份出售给日立；ABB预计出售完成后净正现金流入约为14.25亿美元
Benzinga Real-time News ·  2022/09/30 04:46

ABB has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB's Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call option that was agreed between the parties in December 2018. The call option's exercise value is $1.679 billion. The companies have agreed to settle remaining obligations relating to the original transaction, and ABB will continue to provide transition services to Hitachi Energy for them to fully separate from ABB's systems. ABB does not expect to record any significant gain or loss as a result of the sale. ABB expects net positive cash inflows of approximately $1.425 billion upon closing of the sale. The transaction is subject to regulatory approvals and closing is expected to happen in the fourth quarter 2022.

ABB已达成协议，将其在2020年ABB电网业务成立的日立能源合资企业中剩余的19.9%股权剥离给日立株式会社(日立)，日立持有80.1%的股份。日立已行使了双方在2018年12月达成的看涨期权。看涨期权的行权价值为16.79亿美元。两家公司已同意结清与原始交易相关的剩余债务，ABB将继续向日立能源提供过渡服务，使其完全脱离ABB的系统。ABB预计不会因此次出售而录得任何重大损益。ABB预计出售完成后，净正现金流入约为14.25亿美元。这笔交易还有待监管部门的批准，预计将于2022年第四季度完成。

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