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Converter Station hitachi and abb Recovery for sale

ABB to exit three divisions with revenues of $1.75 billion plans to offload three business units that generate $1.75 billion in sales, the Swiss engineering company said on Thursday, equivalent to 6% of its annual revenue. The company is "exploring all options" to exit turbocharging, mechanical power and power conversion, the company said ahead of its first investor day under Chief Executive Officer Bjorn Rosengren.

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