ABB is nearing a deal to pay around $325M to resolve bribery allegations in South Africa, Dylan Tokar of Wall Street Journal reports, citing people familiar with the matter. The pending settlement between ABB and U.S., German, Swiss and South African authorities is expected to be finalized as soon as next week and would resolve corruption investigations into the company’s work on South Africa’s Kusile power plant, people familiar with the matter told the Journal. Reference Link
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on ABB:
- ABB (NYSE:ABB) Faces Fine for the Third Time
- ABB near $325M settlement to resolve bribery allegations, WSJ reports
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue