ABB Ltd (STU:ABJA)

€ 49.045 -2.265 (-4.46%) Market Cap: 90.28 Bil Enterprise Value: 93.66 Bil PE Ratio: 26.43 PB Ratio: 7.46 GF Score: 80/100

Hitachi Ltd Completed Acquisition of ABB Ltd's Power Grids Business and Establishment of a New Company Media Web Conference Transcript

Jul 02, 2020 / 06:00AM GMT

Release Date Price: €20 (+1.96%)

Transcript

Unidentified Company Representative

[Interpreted] It is time. So we would now like to start the web conference on the completion of Hitachi's acquisition of ABB's Power Grids business and establishment of a new company. Thank you very much for taking the time out of your busy schedule to attend this meeting. This meeting is held in the form of video conference to prevent the spread of COVID-19. The speakers will speak without their masks on to make it easier for you to listen to. This meeting is scheduled from 3 p.m. to 4 p.m. Japan Time. Speakers, presentations and comments will be interpreted simultaneously between Japanese and English. The materials are posted on Hitachi, Ltd. News Release website and IR website, so please take a look.

We will now start the web conference. Let me first introduce the speakers: Toshiaki Higashihara, President and CEO of Hitachi, Ltd.; Toshikazu Nishino, Executive Vice President of Hitachi, Ltd. and Chairman and Director of Hitachi ABB Power Grids; Tomomi Kato, General Manager of Financial Strategy Division of Hitachi, Ltd.; and Claudio Facchin, CEO of Hitachi ABB Power

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