STOCKHOLM, Sweden, Oct. 28, 2003 (PRIMEZONE) -- Investor's President and CEO Marcus Wallenberg made the following statement today in connection with ABB's announcement that it would carry out a rights issue of new shares:
"ABB has implemented measures on a step-by-step basis to strengthen its operational and financial position. The proposed new rights issue is an important part of this work. Investor, representing 10 percent of the capital and votes in ABB, is therefore positive toward the proposed rights issue. The final decision to participate will be made after reviewing the terms and conditions at the time of subscription."
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/10/28/20031028BIT00090/wkr0001.doc
http://www.waymaker.net/bitonline/2003/10/28/20031028BIT00090/wkr0002.pdf