ABB E-mobility's pre-IPO private placement

On November 21, 2022, ABB E-mobility, a global leader in electric vehicle (EV) charging solutions, announced that it has signed a pre-IPO private placement of approximately CHF 200 million for newly issued shares, led by new minority investors. The transaction is expected to close in the course of the fourth quarter 2022. ABB E-mobility will use the proceeds to continue the execution of its growth strategy, driven by both organic and M&A investments in hardware and software.

Lenz & Staehelin advises ABB in this transaction.