The shareholders of ABB approved the proposed spin-off of its Accelleron turbocharging division at today’s Extraordinary General Shareholders Meeting of ABB Ltd held in Zurich.
ABB today published the invitation to its Extraordinary General Meeting (EGM) in relation to the proposed spin-off of its Accelleron turbocharging business.
Accelleron to list on SIX Swiss Exchange subject to approval by ABB EGM on September 7. The transaction will allow both ABB and Accelleron to focus on core strategies and long-term value creation for stakeholders.