FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, Oct. 2, 2017. REUTERS/Toru Hanai

(Reuters) – Japan’s Hitachi Ltd (6501.T) is close to agreeing a deal to buy Switzerland based ABB Ltd’s (ABBN.S) power grid business for about 800 billion yen ($7.1 billion), the Nikkei business daily reported on Wednesday.

Hitachi’s board confirmed a plan to move forward with

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