ABB – ABB plans to launch new share buyback of up to $1 billion following completion of 2023–2024 program

ABB has completed its share buyback program that was launched in April 2023. 

Through this buyback program, ABB repurchased a total of 21,387,687 shares – equivalent to 1.09 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $0.83 billion over the past 12 months.

ABB’s Board of Directors intends to use the capital band approved at the 2023 Annual General Meeting to cancel all shares repurchased under the 2023–2024 share buyback program.

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