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ABB announces completion of share buyback program started in April 2022 and intention to launch a new share buyback program in April 2023
ABB has completed its share buyback program that was launched in April 2022. Through this buyback program, ABB repurchased a total of 67,459,000 shares – equivalent to 3.29 percent of its issued share capital at launch of the buyback program – for a total amount of approximately $2 billion over the past 12 months. This includes the remaining $1.2 billion of the $7.8 billion of cash proceeds from the Power Grids divestment.
| ABB Ltd | Valor No | ISIN | Ticker |
|---|---|---|---|
| Ordinary trading line | 1 222 171 | CH 001 222171 6 | ABBN |
| Second trading line | 35 767 961 | CH 035 767961 9 | ABBNE |
1,262,310 shares
*Tax disclaimer: All investors must seek their own specific tax advice, and nothing herein is intended or should be considered as tax advice.