ABB has denied reports of receiving any delisting proposal by a majority shareholder. The company, in the previous week, had only confirmed about such a rumor doing rounds in the market. However, in regulatory filing, the company has underscored that it has checked with its majority shareholder who has confirmed there is no intention to buy additional shares and thus commence the de-listing process.
ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. UHVDC transmission is a development of HVDC, a technology pioneered by ABB more than 50 years ago, and represents the biggest capacity and efficiency leap in over two decades.
