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Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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24 Jan 2020
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Latest Key Developments (Source: Significant Developments)

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

ABB Wins Dredger Order From Keppel Offshore & Marine
Tuesday, 18 Jun 2019 

June 18 (Reuters) - ABB ::ABB WINS SYSTEM PACKAGE WITH KEPPEL FOR DREDGING CONTRACTOR VAN OORD.  Full Article

ABB Wins South Korea Order For Converter Stations
Thursday, 13 Jun 2019 

June 13 (Reuters) - ABB ::ABB POWER GRID'S BUSINESS AWARDED LARGE ORDER TO BUILD TWO NEW CONVERTER STATIONS IN SOUTH KOREA.ORDER FOR CONVERTER STATIONS WILL INCREASE POWER AND GRID STABILITY ON SOUTH KOREA'S JEJU ISLAND.  Full Article

ABB Wins Power Transmission Order From China'S State Grid
Thursday, 6 Jun 2019 

June 6 (Reuters) - Abb Ltd ::PRESS RELEASE ABB WINS LARGE POWER TRANSMISSION ORDER FROM CHINA’S STATE GRID.ABB HAS WON A LARGE ORDER TO SUPPLY CONVERTER TRANSFORMERS AND HIGH-VOLTAGE EQUIPMENT FOR AN 800 KILOVOLT (KV), ULTRAHIGH-VOLTAGE DIRECT CURRENT (UHVDC) TRANSMISSION LINK, OWNED BY STATE GRID CORPORATION OF CHINA (SGCC), IN CHINA'S SHAANXI AND HUBEI PROVINCES, IN NORTH WEST AND CENTRAL REGIONS OF COUNTRY.ORDERS WERE BOOKED IN THE FIRST AND SECOND QUARTERS OF 2019.  Full Article

Ballard To Work With ABB On Design And Launch Of Fuel Cell-Powered River Push Boat In France
Wednesday, 22 May 2019 

May 21 (Reuters) - Ballard Power Systems Inc ::BALLARD TO WORK WITH ABB ON DESIGN AND LAUNCH OF FUEL CELL-POWERED RIVER PUSH BOAT IN FRANCE.BALLARD POWER SYSTEMS INC - CO, ABB TO DEVELOP, LAUNCH A ZERO-EMISSION RIVER PUSH BOAT, PLANNED FOR DEPLOYMENT IN FRANCE IN 2021 TO PUSH RIVER BARGES.BALLARD POWER SYSTEMS - RIVER PUSH BOAT WILL BE OWNED AND OPERATED BY SOGESTRAN GROUP UNIT COMPAGNIE FLUVIALE DE TRANSPORT ON RHÔNE RIVER IN FRANCE.  Full Article

Westinghouse Names Patrick Fragman As CEO
Thursday, 16 May 2019 

May 16 (Reuters) - Brookfield Business Partners LP ::WESTINGHOUSE ANNOUNCES CHIEF EXECUTIVE OFFICER TRANSITION; APPOINTMENT OF PATRICK FRAGMAN AS CEO.WESTINGHOUSE ELECTRIC COMPANY - JOSÉ EMETERIO GUTIÉRREZ WILL STEP DOWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ON JULY 31, 2019.WESTINGHOUSE ELECTRIC COMPANY - PATRICK FRAGMAN, CURRENTLY GROUP SVP AT ABB LIMITED, HAS BEEN APPOINTED AS PRESIDENT AND CEO EFFECTIVE AUGUST 19.  Full Article

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Top owner Investor AB bought ABB shares for 1 billion crowns in fourth-quarter

STOCKHOLM Sweden's Investor AB, the largest owner in automation and robotics firm ABB , increased its stake in the company further in the fourth quarter buying shares for 1 billion crowns ($104.95 million), it said on Wednesday.