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Blog posts October 2022

ABB to Sell Remaining Stake in Hitachi Energy to Hitachi

(BUSINESS WIRE) -- ABB has reached an agreement to divest to Hitachi, Ltd. (Hitachi) its remaining 19.9 percent equity stake in the Hitachi Energy joint venture that was formed from ABB’s Power Grids business in 2020, with Hitachi holding a stake of 80.1 percent. Hitachi has exercised its call optio…

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Italian mattress brand Mollyflex opens first branch in the UAE

Mollyflex, a brand that has over 40 years of experience in the art and science of promoting restful sleep through innovative products, has recently opened its first branch in Dubai. Its 5,500 sq. ft showroom is located in Al Safa Dubai, in Sunrise Building at Sheikh Zayed Road, and displays a wide r…

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