The capital markets day ended as expected. The Power Grids division will not be separated from the company. The shareholder Cevian with a stake of 6.2% in the company had asked for a spin-off, IPO or joint venture. ABB’s response was quite obvious. Management will streamline the group and has initiated a share buy-back programme. Management has also started partnerships with Flour (transformation station) and the Norwegian service and maintenance company Aibel for offshore wind energy.
05 Oct 2016
Business as usual!
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Business as usual!
- Published:
05 Oct 2016 -
Author:
Heinz Steffen -
Pages:
2
The capital markets day ended as expected. The Power Grids division will not be separated from the company. The shareholder Cevian with a stake of 6.2% in the company had asked for a spin-off, IPO or joint venture. ABB’s response was quite obvious. Management will streamline the group and has initiated a share buy-back programme. Management has also started partnerships with Flour (transformation station) and the Norwegian service and maintenance company Aibel for offshore wind energy.