ABB Multiple Units
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ABB Multiple Units
ABB Group is a Swedish-Swiss Multinational corporation, multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, it is Dual-listed company, dual-listed on the Nasdaq Nordic exchange in Stockholm, Sweden, and the SIX Swiss Exchange in Zurich. ABB was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years. ABB was formed in 1988, when Sweden's ASEA, Allmänna Svenska Elektriska Aktiebolaget (ASEA) and Switzerland's Brown, Boveri & Cie merged to create Asea Brown Boveri, later simplified to the initials ABB. Both companies were established in the late 1800s and grew into major Electrical device, electrical equipment manufacturers, a business in which ABB remains active. Its traditional core activities include power generation, transmission and distribution; Automation, industrial automation, and robotics. Between 1989 and 1999, the company was also active in the rollin ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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