ABB E-Mobility has completed its last round of financing before its independent listing, with four institutions increasing their capital by CHF 325 million

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

ABB E-Mobility announced on February 2 that it had signed an agreement with four minority shareholders to raise another 325 million Switzerland francs, about 12% of the company's shares. The transaction is the second and final round of private placement of ABB E-Mobility's IPO before its independent IPO and is expected to close in early February 2023. New investors include BeyondNetZero, a subsidiary of General Atlantic Group United States, the Singapore Government Investment Corporation (GIC), United Kingdom Just Climate and Porsche Automotive Holdings. In November 2022, ABB E-Mobility announced the closing of its first round of independent pre-IPO private placement of approximately Switzerland francs.
ABB E-Mobility has completed its last round of financing before its independent listing, with four institutions increasing their capital by CHF 325 million

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