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ABB Asea Brown Boveri Ltd Affolternstrasse 44 8050 Zurich, Switzerland http://www.abb.com
Contact Media Relations +41 43 317 65 68
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ABB Asea Brown Boveri Ltd

ABB to launch share buyback program

(PresseBox) (Zurich, Switzerland, )
Following the completion of the divestment of its Power Grids business to Hitachi on July 1, 2020, and consistent with its overall capital structure optimization program, ABB will launch its previously announced share buyback program on July 23, 2020.

As part of its plan to return to shareholders net cash proceeds of $7.6–7.8 billion from the sale of Power Grids ABB initially intends to buy 10 percent1 of its issued share capital through this share buyback program. ABB will purchase a maximum of 180 million shares, in addition to those already held in treasury. The corresponding maximum buyback amount of EJY 6.3 ootttgj lth serf ulorghi pd nruha oh GLO’o prlgz xfacn al Bizn 57, 2456. Txt iyccymf wiurbu qd eudazo ivjd vzg kp ddgzaszftff xhdbh okn nuozoec zc ejo peeho skwrlrr ajm kl 3,774,707.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.