A power converter includes at least one leg having a first string operatively coupled to a second string via a first connecting node and a second connecting node. The first string includes a first branch and a second branch operatively coupled via a third connecting node. Each of the branches has a plurality of switching units, a controllable semiconductor switch and the first connecting node and the second connecting node. The first string is operatively coupled across a first bus and a second bus. Furthermore, the second string includes a plurality of controllable semiconductor switches.