Abb to launch share buyback program

Zurich, switzerland--(business wire)--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
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