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Sector
Industrials
Size
Large Cap
Market Cap £47.58bn
Enterprise Value £48.85bn
Revenue £19.09bn
Position in Universe 189th / 6851

ABB to pay $104 million to settle South African power plant probe

Fri 11th December, 2020 1:33pm
ZURICH, Dec 11 (Reuters) - ABB  ABBN.S  has agreed to pay
$104 million to South African power utility Eskom to settle an
investigation into improper payments and compliance issues, the
Swiss engineering company said on Friday.
    ABB was investigated by the Special Investigation Unit in
relation to overpayments for construction work at the Kusile
coal-fired power plant.

 (Reporting by John Revill; editing by Thomas Seythal)
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))
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