Abb e-mobility raises approx. chf200 million in a pre-ipo private placement to support its growth journey

Zurich--( business wire )--abb e-mobility, a global leader in electric vehicle (ev) charging solutions, today announced that it has signed a pre-ipo private placement of approximately chf200 million for newly issued shares, led by new minority investors. the transaction will close during the fourth quarter 2022. abb e-mobility will use the proceeds to continue the execution of its growth strategy, driven by both organic and m&a investments in hardware and software.
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