Investor AB raises stake in ABB to more than 10 pct

November 10, 2015 1:54 PM

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ZURICHABB's biggest shareholder Investor AB raised its stake to 10.03 percent, according to a regulatory filing, continuing a pattern of steadily increasing its holding in the Swiss engineering group.

Sweden's Investor AB had 9.5 percent in ABB on Sept. 30. The shares have fallen nearly 11 percent this year, and were down around 0.1 percent at 19 francs at 1337 GMT valuing Investor AB's stake at about 4.4 billion Swiss francs ($4.38 billion).

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