October 4, 2016 / 6:56 AM / 10 months ago

BRIEF-Investor says supports conclusions of ABB strategic review

1 Min Read

Oct 4 (Reuters) - Investor :

* ABB shareholder Investor AB's CEO says in statement that believes today's announcements by ABB are the right ones for the company and its shareholders

* Says we have made a deep and thorough evaluation and we share the conclusion of ABB's board that it is better to keep Power Grids under the current structure

* Says believe that the separation costs outweigh the positive aspects of a breakup, and we believe that ABB is a good owner of the business

* Says we believe that ABB is more worth kept together than divided into pieces

* Investor owns 10.5 percent of ABB share capital and is the biggest single owner Further company coverage: (Reporting by Stockholm Newsroom)

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