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GCB abb power grids Treatment for sale

ABB to buy back up to 10% of its shares after completing ...· It will get net cash proceeds of $7.6–7.8 billion from the sale of an 80.1% stake in Power Grids, which it completed as planned by the end of June. ABB's shares, which have lost nearly 9% this year, were up more than 2% after the announcement. Around 180 million shares would be covered by the buyback, ABB said.

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