Edition:
United Kingdom

ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"


Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS".SHAREHOLDER CEVIAN SAYS "CONVINCED THIS IS THE RIGHT WAY FORWARD FOR ABB, AND WE FULLY SUPPORT THE STRATEGIC DIRECTION OF THE BOARD AND MANAGEMENT".