ABB India Corporate Restructuring Process Through Slump Sale

Kaushik Ghosh, Mayukh Mukhopadhyay

Abstract


This case study discusses the corporate restructuring of ABB India Limited with Hitachi. The case delves into the details about the restructuring, restructuring motives and the benefits of the restructuring. Modalities of the deal with projected synergy gain has also been explored and explained via a typical slump sale process. We conclude the case using a brand versus burden analysis by summarizing post-deal market reaction.

JEL Classification: G34

Keywords: corporate restructuring, slump sale, demerger, restructuring motives, restructuring benefits

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References


ABB demerger power grid business to Hitachi, mnacritique.mergersindia.com

ABB India gets NCLT nod for demerger of power grid business to APPSIL, PTI, Nov 28, 2019, Economic Times.

Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABB's Power Grids Business, Hitachi News.

ABB sells power grids to Hitachi in $11 billion deal 17 Dec 2018, Makiko Yamazaki & John Miller, Reuters.

ABB India gets nod for demerger of power grid business, PTI, New Delhi, NOV 28 2019, Deccan Herald.

ABB India will be a key building block of the new ABB, Rukmini Rao, May 5, 2019, Business Today.

ABB wins 600 MW HVDC order to reinforce Japanese power supply through HVDC JV with Hitachi, Group press release, 23 April 2019, Zurich, Switzerland.

Hitachi completes merger of its JV business unit with Power India, Press Trust of India, Mumbai, 01 July 2020, Business Standards


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Copyright (c) 2021 Kaushik Ghosh, Mayukh Mukhopadhyay

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.