Abb plans to launch new share buyback following completion of initial program

Zurich, switzerland--(business wire)--abb has completed its initial share buyback program that was launched in july 2020 as part of the company's commitment to return to shareholders cash proceeds from the power grids divestment of $7.6-7.8 billion. through the initial buyback program, abb repurchased a total of 128,620,589 shares – equivalent to 5.93 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $3.5 billion over the past 8 months. a
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