Rethinking ABB's power grids business

|About: ABB LTD. (ABB)|By:, SA News Editor

ABB +1% premarket facing renewed shareholder demands to break up its sprawling business empire, beginning with ditching its struggling power grids division.

The company reports Q1 earnings on Thursday, with investors braced for another weak performance from power grids - its largest but least profitable division, which it decided to keep in 2016.

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