ABB: new share buyback program of up to $1 billion
Based on ABB's current share price, this represents a maximum of approximately 21.3 million shares.
ABB states that this new program is in line with its capital allocation principles aimed at maintaining a strong Investment Grade rating.
Since July 2020, ABB has repurchased approximately 308 million shares for capital reduction purposes for a total amount of approximately $9.4 billion.
ABB currently owns approximately 30 million treasury shares.
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