December 17, 2018 / 7:31 AM / 6 months ago

BRIEF-ABB CEO Says Still Has 'Firepower' For Deals From Cash Flow

Dec 17 (Reuters) - Abb Ltd:

* CEO SAYS IT IS THE RIGHT MOVE TO RETURN PROCEEDS FROM POWER GRIDS SALE TO SHAREHOLDERS, STILL HAS ‘FIREPOWER’ FOR ACQUISITIONS FROM CASH FLOW

* CEO SAYS REGULATORY PROCESS INVOLVED WITH DIVESTING POWER GRIDS ‘WILL TAKE ITS TIME,’ SAYS 12-18 MONTH TIME FRAME FOR POWER GRIDS CARVEOUT IS CUSTOMARY Source text for Eikon: Further company coverage: (Reporting by John Miller)

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