Control Systems / Network Infrastructure / IIoT

ABB shareholder hires consulting group to study potential company breakup

By Reuters

Mar 21, 2016

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ABB's second-biggest shareholder, activist investor Cevian, has hired Boston Consulting Group to study a potential break-up of the Swiss engineering group, turning up the pressure for a revamp, Germany's Manager Magazin reported.

Cevian has boosted its stake in the company to above 5% and said the company must speed up efforts to simplify its structure.

Read the full story at reuters.com.