After the cancellation of 88.4 million shares, ABB holds 3.3% of its own shares

Create Date: 2024-8-30 12:03:23|Source: ABB

ABB announced the completion of a share repurchase program that began in April 2021 and intends to launch a new share repurchase program in April 2022

On March 24, 2022, ABB announced the completion of its share repurchase program, which was launched in April 2021, as part of the company's commitment to return $7.8 billion of grid divestiture cash proceeds to shareholders. Through the repurchase program, ABB repurchased a total of 90,066,100 shares – equivalent to 4.15% of its issued share capital at the time of the repurchase program – for a total amount of approximately $3.1 billion.
After the cancellation of 88.4 million shares, ABB holds 3.3% of its own shares

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