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ABB increases stake in Indian arm to 75 %

Posted on: July 29th 2010 in Press Releases.

ABB, the leading power and automation technology, said that its open offer to increase the stake in its Indian subsidiary from 52.11% to 75% has been successful. During the three-week offer period, which closed on Tuesday, shareholders of ABB India tendered approximately 23% of the outst…

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