Abb plans to launch new share buyback of up to $3 billion following completion of 2021-2022 program

Zurich--(business wire)--abb has completed its share buyback program that was launched in april 2021 as part of the company's commitment to return to shareholders cash proceeds from the power grids divestment of $7.8 billion. through this buyback program, abb repurchased a total of 90,066,100 shares – equivalent to 4.15 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $3.1 billion over the past 12 months. in total, since july 2020, abb r
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