News Formal

ABB to divest solar inverter business to Fimer SpA

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

ABB Ltd. (ABBN.EB) said Tuesday that Italy's Fimer SpA will acquire ABB's solar-inverter business and its associated liabilities. The Swiss industrial group said it will take an aftertax, non-operational charge of about $430 million in the second quarter from the deal. Around 75% of the financial hit will come from payments ABB will make to Fimer, and the company expects separation charges of around $40 million starting in the second half of 2019.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ABB quits solar inverter business, takes $430 million chargeABB will take a $430 million charge after quitting the solar inverter business a... So what come next? They dont want solar nor power grid. How about abb-ge marriage proposal.
Source: Reuters - 🏆 2. / 97 Read more »

ABB quits solar inverter business, takes $430 million chargeABB will take a $430 million charge after quitting the solar inverter business a... So what come next? They dont want solar nor power grid. How about abb-ge marriage proposal.
Source: Reuters - 🏆 2. / 97 Read more »

French business elite cut Macron slack for slower reform paceAssailed by social unrest and lagging in opinion polls, French President Emmanue... He’s delivered them the ECB. They’re pleased with his work. Thankfully the jiletsjaunes won’t be cutting him slack this summer!! PowerToThePeople whatever he does, it is wrong. Why is he doing this to himself? Let the French in their shit and have a good life!
Source: Reuters - 🏆 2. / 97 Read more »