Edition:
United Kingdom

Abb Ltd (ABBN.S)

ABBN.S on Virt-X Level 1

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15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Abb Ltd ::CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS 'FIREPOWER' FOR ACQUISITIONS FROM CASH FLOW.CEO SAYS REGULATORY PROCESS INVOLVED WITH DIVESTING POWER GRIDS 'WILL TAKE ITS TIME,' SAYS 12-18 MONTH TIME FRAME FOR POWER GRIDS CARVEOUT IS CUSTOMARY.  Full Article

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".  Full Article

Hitachi Nears Deal Worth Up To $7 Bln For ABB's Power Grid Business - Nikkei
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - :HITACHI NEARS DEAL WORTH UP TO $7 BILLION FOR ABB'S POWER GRID BUSINESS - NIKKEI.  Full Article

ABB Wins $20 Million Order For Offshore Wind Transformers
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - ABB Ltd ::ABB LTD. - ABB WINS $20 MILLION ORDER FOR INNOVATIVE OFFSHORE WIND TRANSFORMERS.  Full Article

ABB Wins Order To Enable Transmission Of Clean Energy In Central Asia
Monday, 24 Sep 2018 

Sept 24 (Reuters) - ABB Ltd ::TO SUPPLY HVDC CONVERTER STATIONS AS PART OF US $330 MILLION CONSORTIUM PROJECT WITH COBRA, TO BRING HYDROPOWER TO CONSUMERS IN PAKISTAN.ABB WINS MAJOR ORDER TO ENABLE TRANSMISSION OF CLEAN ENERGY IN CENTRAL ASIA.  Full Article

ABB and SNC-Lavalin form joint venture Linxon
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Abb Ltd SAYS::SNC-LAVALIN AND ABB ANNOUNCE FORMATION OF LINXON, A NEW JV COMPANY.LINXON WILL HAVE AN OPENING ORDER BACKLOG OF USD $340 MILLION.  Full Article

CalPERS Names Elisabeth Bourqui Chief Operating Investment Officer
Friday, 13 Apr 2018 

April 13 (Reuters) - The California Public Employees' Retirement System::SAYS NAMES ELISABETH BOURQUI CHIEF OPERATING INVESTMENT OFFICER.SAYS BOURQUI REPLACES WYLIE TOLLETTE, WHO LEFT CALPERS IN DECEMBER 2017.CURRENTLY, BOURQUI IS THE HEAD OF PENSION ASSETS AND LIABILITIES MANAGEMENT AT ABB GROUP.  Full Article

ABB Finance (USA) Inc Files For Potential Debt Shelf Offering Size Not Disclosed
Monday, 26 Mar 2018 

March 26 (Reuters) - ABB Ltd ::ABB FINANCE (USA) INC FILES FOR POTENTIAL DEBT SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Abb Completes Epc Business Model Change
Wednesday, 20 Dec 2017 

Abb Ltd ::ABB COMPLETES EPC BUSINESS MODEL CHANGE.ABB LTD-Q4 RESULTS EXPECTED TO BE IMPACTED BY APPROXIMATELY $150 MILLION EBITA AND $75 MILLION OF NON-OPERATIONAL PRE-TAX CHARGES ON NET INCOME.  Full Article

ABB CEO says company well positioned to take part in $500b Saudi mega city project
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Abb Ltd :ABB CEO says confident that ambition to accelerate growth will pay off in 2018.ABB CEO says company has been better dealing with raw materials price increases.ABB CEO says sees opportunity to increase margins in robotics business.ABB CEO says expects to improve business in saudi arabia, will do best to participate in $500b mega city project.  Full Article

Abb Ltd News

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Thyssenkrupp bows to activist investor by simplifying organisation

FRANKFURT Thyssenkrupp's decision to simplify its corporate structure marks a victory for activist investor Cevian as the German conglomerate strives to keep shareholders onboard with its broader restructuring plan.

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