ABB confirms turbocharging business spin off

ABB plans to spin off Accelleron (formerly ABB Turbocharging) by way of a dividend in kind of Accelleron Industries Ltd’s shares to ABB’s shareholders.

Source: Accelleron

ABB has announced it will spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division. Accelleron will list on SIX Swiss Exchange in Zurich on 3 October 2022, subject to approval from ABB’s shareholders among others.

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