Abb to spin off its accelleron turbocharging business

Zurich--(business wire)--following a decision by its board of directors, abb today announces its intention to spin off accelleron (formerly abb turbocharging), its market-leading turbocharging division, by way of a dividend in kind of accelleron industries ltd's shares to abb's shareholders. accelleron's listing on six swiss exchange in zurich is planned for october 3, 2022, and is subject to, among others, approval by abb's shareholders at an extraordinary general meeting scheduled for septemb
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