Edition:
India

Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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10 Jul 2020
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Latest Key Developments (Source: Significant Developments)

UK'S SFO Closes Investigation Into ABB Ltd
Tuesday, 19 May 2020 

May 19 (Reuters) - UK'S SFO::UK'S SFO CLOSES ITS INVESTIGATION INTO ABB LTD.  Full Article

ABB Completes Acquisition Of Chinese EV Charging Provider Chargedot
Tuesday, 17 Mar 2020 

March 17 (Reuters) - Abb Ltd ::ABB COMPLETES ACQUISITION OF CHINESE EV CHARGING PROVIDER CHARGEDOT.TRANSACTION WAS ANNOUNCED ON OCTOBER 28, 2019.  Full Article

ABB Completes Divestment Of Solar Inverter Business To Italy’s Fimer SpA
Saturday, 29 Feb 2020 

March 2 (Reuters) - ABB ::ABB HAS COMPLETED ITS DIVESTMENT OF ITS SOLAR INVERTER BUSINESS TO ITALIAN COMPANY FIMER SPA.  Full Article

ABB Announces Partnership with AI Start-Up
Tuesday, 25 Feb 2020 

Feb 25 (Reuters) - ABB ::COVARIANT AND ABB PARTNER TO DEPLOY INTEGRATED AI ROBOTIC SOLUTIONS.ANNOUNCED A PARTNERSHIP TO BRING AI-ENABLED ROBOTICS SOLUTIONS TO MARKET, STARTING WITH A FULLY AUTONOMOUS WAREHOUSE ORDER FULFILMENT SOLUTION.PARTNERSHIP BRINGS TOGETHER TWO COMPANIES WITH A SHARED VISION FOR ROBOTICS ENABLED BY AI.  Full Article

ABB sees unquantifiable hit to business from virus outbreak in China-CEO
Wednesday, 5 Feb 2020 

Feb 5 (Reuters) - Abb Ltd ::ABB CEO SAYS SEES REVENUES STEADY OR HIGHER ON COMPARABLE BASIS.ABB CEO SAYS CORONAVIRUS OUTBREAK TO HAVE IMPACT ON BUSINESS GIVEN PRESENCE IN CHINA.ABB CEO SAYS VIRUS IMPACT ON BUSINESS NOT QUANTIFIABLE AT MOMENT.ABB CEO SAYS PREPARING RETURN OF STAFF TO WORKING AREAS IN CHINA, FOLLOWING GOVERNMENT GUIDANCE.  Full Article

ABB Completes Divestment Of Two Electrification JVs In China
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - ABB Ltd ::COMPLETES DIVESTMENT OF TWO ELECTRIFICATION JOINT VENTURES IN SHANGHAI.  Full Article

ABB Names Claudio Facchin As Head Of Power Grids Business
Wednesday, 18 Dec 2019 

Dec 18 (Reuters) - Abb Ltd ::ABB ANNOUNCES CHANGES TO EXECUTIVE COMMITTEE.CLAUDIO FACCHIN, FRANK DUGGAN AND CHUNYUAN GU WILL STEP DOWN FROM EXECUTIVE COMMITTEE OF ABB AS PART OF ORGANIZATIONAL TRANSFORMATION.WITH ANNOUNCED DIVESTMENT OF POWER GRIDS TO HITACHI, CLAUDIO FACCHIN WILL CONTINUE TO LEAD POWER GRIDS AS A STANDALONE BUSINESS AHEAD OF CLOSING OF TRANSACTION.CLOSING OF TRANSACTION EXPECTED IN H1 OF 2020.DUGGAN AND GU WILL STEP DOWN FROM ROLES AS THOSE ROLES ARE TO BE DISCONTINUED UNDER NEW ABB OPERATING SYSTEM.DUGGAN AND GU WILL CONTINUE AS ADVISORS TO COMPANY.  Full Article

ABB CFO Says China Outlook Is Mixed, Some Sectors Good, Some Weak
Thursday, 25 Jul 2019 

July 25 (Reuters) - Abb Ltd ::ABB CFO SAYS CHINA OUTLOOK IS MIXED, SOME SECTORS GOOD, SOME WEAK.  Full Article

ABB Expects Automotive Slowdown To Continue This Year
Thursday, 25 Jul 2019 

July 25 (Reuters) - Abb Ltd ::ABB CEO SAYS SEPARATION OF POWER GRIDS BUSINESS ON TRACK, DEMERGER IN INDIA AND CHINA OF BUSINESS GOING WELL.ABB CEO SAYS EXPECTS AUTOMOTIVE SLOWDOWN TO CONTINUE THIS YEAR.ABB CFO SAYS WOULD EXPECT TO HAVE A BOOK GAIN FROM POWER GRID DIVESTITURE.ABB CEO SAYS SEARCH FOR NEW CEO GOING A PLANNED, GOING BETTER THAN PLANNED, FOCUSSED FIRST ON EXTERNAL CANDIDATES.  Full Article

ABB Appoints Nokia’s Maria Varsellona As General Counsel
Wednesday, 19 Jun 2019 

June 19 (Reuters) - ABB ::ABB APPOINTS MARIA VARSELLONA AS GENERAL COUNSEL & COMPANY SECRETARY.VARSELLONA WILL BE APPOINTED GROUP GENERAL COUNSEL AND MEMBER OF EXECUTIVE COMMITTEE, EFFECTIVE NOVEMBER 1, 2019.  Full Article

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ABB to buy back up to 10% of shares after Power Grids sale

ZURICH ABB plans to buy back up to 10% of its stock, currently worth more than $4 billion, after completing the sale of its Power Grids business to Hitachi .