February 28, 2019 / 10:36 AM / 4 months ago

BRIEF-ABB CEO does not rule acquistions with Power Grids cash

Feb 28 (Reuters) - Abb Ltd:

* ABB CEO SAYS DOES NOT RULE OUT ACQUSITIONS, BUT PRIORITY IS TO ALLOCATE CASH FROM POWER GRID SALE TO SHAREHOLDERS

* ABB ROBOTICS CHIEF SAYS STILL GROWING IN AUTOMOTIVE DESPITE SOFT MARKET FOR ROBOTS IN SECTOR

* ABB CEO CHIEF SAYS WATCHING SITUATION IN UK WITH RAISED EYEBROWS, UNCERTAINTY ABOUT BREXIT DOES NOT HELP BUSINESS

* ABB CEO CHIEF SAYS SHORT TERM UNCERTAINTY IN UK MEANS VOLUME REDUCTIONS FROM CUSTOMERS, HITS ABB’S SERVICE BUSINESS Source text for Eikon: Further company coverage: (Reporting by John Revill)

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