ABB: share buyback program launched on Monday
(CercleFinance.com) - ABB announces that it will launch its previously announced share buyback program on Monday, for a maximum amount of $1.
5 billion. Based on the current share price, this represents a maximum of approximately 27.6 million shares.
This new share buyback program is intended for capital reduction purposes, and will be executed on a second trading line of the SIX Swiss Exchange. It is scheduled to run until January 28, 2026.
Since July 2020, the Swiss electrification and automation technology group has repurchased around 324 million shares for capital reduction purposes, for a total amount of around $10.3 billion.
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