Cevian Capital plans considerable increase of its share in ABB
Cevian Capital, one of ABB’s three largest shareholders with 5.1% of total ABB Ltd share capital, is looking to significantly increase its share in the Swiss-Swedish industrial giant.
Cevian Capital, one of ABB’s three largest shareholders with 5.1% of total ABB Ltd share capital, is looking to significantly increase its share in the Swiss-Swedish industrial giant.
According to Swiss media reports, Cevian Capital is looking to achieve control of 20% of the voting rights in the company through a partnership with Investor AB, Swedish investment company controlled by the Wallenberg family, which currently owns slightly below 10% of ABB shares, reports SvD.
There are speculations in the media that Cevian entry might force ABB into a division into a Power and Automation company.
Source: SvD
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