ABB: share buyback program begins on Monday
(CercleFinance.com) - ABB announces that it will launch its previously announced share buyback program on Monday, for a maximum of $1.
5bn. 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 for almost a year, i.e. until 28 January 2026.
Since July 2020, the Swiss electrification and automation technology group has repurchased around 324 million shares for capital reduction purposes, for a total of around $10.3bn.
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