December 17, 2018 / 7:30 AM / a month ago

BRIEF-ABB Shareholder Cevian Says "Convinced This Is The Right Way Forward"

Dec 17 (Reuters) - Abb Ltd:

* SHAREHOLDER CEVIAN SAYS POWER GRIDS SALE TO HITACHI, BUSINESS RESTRUCTURING "ARE THE RIGHT STEPS IN THE DEVELOPMENT OF ABB, AND ENHANCES ABB’S LONG-TERM COMPETITIVENESS"

* SHAREHOLDER CEVIAN SAYS "CONVINCED THIS IS THE RIGHT WAY FORWARD FOR ABB, AND WE FULLY SUPPORT THE STRATEGIC DIRECTION OF THE BOARD AND MANAGEMENT" Source text for Eikon: Further company coverage: (Reporting by John Miller)

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