ABB Ltd ( (CH:ABBN) ) has issued an update.
ABB Ltd announced that it repurchased a total of 731,774 shares between April 3 and April 9, 2025, as part of its ongoing share buyback program. This initiative, in compliance with Swiss and EU financial regulations, aims to optimize the company’s capital structure and potentially enhance shareholder value. The buyback was executed on the SIX Swiss Exchange by a bank acting independently of ABB, and the total shares repurchased since February 10, 2025, amount to 4,870,650. This move could strengthen ABB’s market position and signal confidence in its financial health to stakeholders.
More about ABB Ltd
ABB Ltd is a global technology leader specializing in electrification and automation, with a focus on enhancing sustainability and resource efficiency. The company leverages its engineering and digitalization expertise to help industries achieve high performance, efficiency, productivity, and sustainability. With over 140 years of history, ABB employs around 110,000 people worldwide and its shares are listed on the SIX Swiss Exchange and Nasdaq Stockholm.
YTD Price Performance: -18.10%
Average Trading Volume: 530,885
Technical Sentiment Signal: Hold
Current Market Cap: CHF72.16B
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