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ABB Invests $20 Million in California-Based Solar-Power Company

Dec. 14 (Bloomberg) -- ABB Ltd. said it invested $20 million for a “substantial minority stake” in California-based solar-power company GreenVolts.

The investment was part of a $35 million financial round, the Swiss company said today in an e-mailed statement.

Link to Company News:{ABB IN <Equity> CN <GO>} Link to Company News:{ABBN VX <Equity> CN <GO>} Link to Company News:{9416762Z US <Equity> CN <GO>}

To contact the editor responsible for this story: Jennifer M. Freedman at jfreedman@bloomberg.net

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