ABB Launches New $1 Billion Share Buyback Program
Provided by
Dow Jones
By Nina Kienle
ABB plans to launch a new share buyback of up to $1 billion, consistent with its capital allocation principles.
The Switzerland-based industrial group said Thursday that the new program is expected to be launched in April 2024 and is planned to run until Jan. 31, 2025. It will be executed on a second trading line on the SIX Swiss Exchange, it said.
The new buyback follows the completion of the share buyback program launched in April 2023 through which ABB purchased a total of 21 million shares.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
March 21, 2024 13:13 ET (17:13 GMT)
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