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ABB - Abb News Story

$33.83 -0.4  -1.1%

Last Trade - 17/05/21

Sector
Industrials
Size
Large Cap
Market Cap £48.94bn
Enterprise Value £50.20bn
Revenue £19.03bn
Position in Universe 186th / 6846

BUZZ-ABB: Boosted by new CEO appointment

Mon 12th August, 2019 8:28am
** Shares in power grids maker ABB  ABBN.S  are up 3% as
Bjorn Rosengren is to become its CEO next year
    ** Sandvik's  SAND.ST  CEO Rosengren will step down next
year and join ABB as CEO in February  nL4N25708O 
    ** Liberum says Rosengren built a reputation at Sandvik for
selling non-performing units and de-centralising divisional
costs
    ** "There have been calls by Cevian Capital and other
investors for a more de-centralised business model at ABB as
well as further divestments," the broker adds
    ** Sandvik shares are down 1.5%

 ((bartosz.dabrowski@tr.com))
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