Group structure and shareholders

Group structure

ABB Ltd, Switzerland, is the ultimate parent company of the ABB Group, which at December 31, 2015, principally comprised approximately 320 consolidated operating and holding subsidiaries worldwide. ABB Ltd’s shares are listed on the SIX Swiss Exchange, the NASDAQ OMX Stockholm Exchange and the New York Stock Exchange (where its shares are traded in the form of American depositary shares (ADS) – each ADS representing one registered ABB share). On December 31, 2015, ABB Ltd had a market capitalization of CHF 39 billion.

The only consolidated subsidiary in the ABB Group with listed shares is ABB India Limited, Bangalore, India, which is listed on the BSE Ltd. (Bombay Stock Exchange) and the National Stock Exchange of India. On December 31, 2015, ABB Ltd, Switzerland, directly or indirectly owned 75 percent of ABB India Limited, Bangalore, India, which at that time had a market capitalization of INR 237 billion.

Stock exchange listings (At December 31, 2015)

Stock exchange

Security

Ticker symbol

ISIN code

*

also called Scrip ID

SIX Swiss Exchange

ABB Ltd, Zurich, share

ABBN

CH0012221716

SIX Swiss Exchange

ABB Ltd, Zurich, share buyback (second trading line)

ABBNE

CH0253301128

NASDAQ OMX Stockholm Exchange

ABB Ltd, Zurich, share

ABB

CH0012221716

New York Stock Exchange

ABB Ltd, Zurich, ADS

ABB

US0003752047

BSE Ltd. (Bombay Stock Exchange)

ABB India Limited, Bangalore, share

ABB*

INE117A01022

National Stock Exchange of India

ABB India Limited, Bangalore, share

ABB

INE117A01022

The following table sets forth, as of December 31, 2015, the name, place of incorporation, ownership interest and share capital of the significant direct and indirect subsidiaries of ABB Ltd, Switzerland:

ABB Ltd’s significant subsidiariess

Company name/location

Country

ABB interest 
%

Share capital in thousands

Currency

(1)

Shares without par value.

(2)

Company consolidated as ABB exercises full management control.

SARPI - Société Algérienne pour la réalisation de projets industriels, Alger

Algeria

50.00

814,500

DZD

ABB S.A., Buenos Aires

Argentina

100.00

278,860

ARS

ABB Australia Pty Limited, Moorebank, NSW

Australia

100.00

131,218

AUD

ABB Group Investment Management Pty. Ltd., Moorebank, NSW

Australia

100.00

355,312

AUD

ABB N.V., Zaventem

Belgium

100.00

13,290

EUR

ABB Ltda., Osasco

Brazil

100.00

994,708

BRL

ABB Bulgaria EOOD, Sofia

Bulgaria

100.00

65,110

BGN

ABB Canada Holding Limited Partnership, Saint-Laurent, Quebec

Canada

100.00

CAD

ABB Inc., Saint-Laurent, Quebec

Canada

100.00

(1)

CAD

Thomas & Betts Limited, Saint-Jean-sur-Richelieu, Quebec

Canada

100.00

(1)

CAD

ABB S.A., Santiago

Chile

100.00

4,741,936

CLP

ABB Beijing Drive Systems Co. Ltd., Beijing

China

90.00

5,000

USD

ABB (China) Ltd., Beijing

China

100.00

310,000

USD

ABB Engineering (Shanghai) Ltd., Shanghai

China

100.00

40,000

USD

ABB High Voltage Switchgear Co. Ltd., Beijing

China

60.00

11,400

USD

ABB Xiamen Low Voltage Equipment Co. Ltd., Xiamen

China

100.00

15,800

USD

ABB Xiamen Switchgear Co. Ltd., Xiamen

China

64.30

23,500

USD

ABB Xinhui Low Voltage Switchgear Co. Ltd., Xinhui

China

90.00

6,200

USD

ABB s.r.o., Prague

Czech Republic

100.00

400,000

CZK

ABB A/S, Skovlunde

Denmark

100.00

100,000

DKK

ABB for Electrical Industries (ABB ARAB) S.A.E., Cairo

Egypt

100.00

353,479

EGP

Asea Brown Boveri S.A.E., Cairo

Egypt

100.00

116,000

USD

ABB AS, Jüri

Estonia

100.00

1,663

EUR

ABB Oy, Helsinki

Finland

100.00

10,003

EUR

ABB France , Cergy Pontoise

France

99.83

25,778

EUR

ABB S.A., Cergy Pontoise

France

100.00

45,921

EUR

ABB Automation GmbH, Mannheim

Germany

100.00

15,000

EUR

ABB Automation Products GmbH, Ladenburg

Germany

100.00

10,620

EUR

ABB Beteiligungs- und Verwaltungsges. mbH, Mannheim

Germany

100.00

61,355

EUR

ABB Stotz-Kontakt GmbH, Heidelberg

Germany

100.00

7,500

EUR

Busch-Jaeger Elektro GmbH, Lüdenscheid

Germany

100.00

1,535

EUR

ABB Holding Ltd., Hong Kong

Hong Kong

100.00

27,887

HKD

ABB (Hong Kong) Ltd., Hong Kong

Hong Kong

100.00

20,000

HKD

ABB Global Industries and Services Private Limited, Bangalore

India

100.00

608,930

INR

ABB India Limited, Bangalore

India

75.00

423,817

INR

ABB S.p.A., Milan

Italy

100.00

110,000

EUR

ABB K.K., Tokyo

Japan

100.00

1,000,000

JPY

ABB Ltd., Seoul

Korea, Republic of

100.00

18,670,000

KRW

ABB Holdings Sdn. Bhd., Subang Jaya

Malaysia

100.00

4,490

MYR

ABB Malaysia Sdn. Bhd., Subang Jaya

Malaysia

100.00

3,500

MYR

ABB Mexico S.A. de C.V., San Luis Potosi SLP

Mexico

100.00

633,368

MXN

Asea Brown Boveri S.A. de C.V., San Luis Potosi SLP

Mexico

100.00

667,686

MXN

ABB B.V., Rotterdam

Netherlands

100.00

9,200

EUR

ABB Capital B.V., Rotterdam

Netherlands

100.00

1,000

USD

ABB Finance B.V., Rotterdam

Netherlands

100.00

20

EUR

ABB Holdings B.V., Rotterdam

Netherlands

100.00

119

EUR

ABB Investments B.V., Rotterdam

Netherlands

100.00

100

EUR

Thomas & Betts Netherlands B.V., Barendrecht

Netherlands

100.00

227

EUR

ABB AS, Billingstad

Norway

100.00

250,000

NOK

ABB Holding AS, Billingstad

Norway

100.00

240,000

NOK

ABB Sp. z o.o., Warsaw

Poland

99.92

350,656

PLN

ABB Ltd., Moscow

Russian Federation

100.00

5,686

RUB

ABB Contracting Company Ltd., Riyadh

Saudi Arabia

65.00

40,000

SAR

ABB Electrical Industries Ltd., Riyadh

Saudi Arabia

65.00

168,750

SAR

ABB Holdings Pte. Ltd., Singapore

Singapore

100.00

32,797

SGD

ABB Pte. Ltd., Singapore

Singapore

100.00

28,842

SGD

ABB Holdings (Pty) Ltd., Longmeadow

South Africa

100.00

4,050

ZAR

ABB South Africa (Pty) Ltd., Longmeadow

South Africa

74.91

1

ZAR

Asea Brown Boveri S.A., Madrid

Spain

100.00

33,318

EUR

ABB AB, Västerås

Sweden

100.00

400,000

SEK

ABB Norden Holding AB, Västerås

Sweden

100.00

2,344,783

SEK

ABB Asea Brown Boveri Ltd, Zurich

Switzerland

100.00

2,768,000

CHF

ABB Information Systems Ltd., Zurich

Switzerland

100.00

500

CHF

ABB Investment Holding GmbH, Zurich

Switzerland

100.00

92,054

CHF

ABB Management Services Ltd., Zurich

Switzerland

100.00

571

CHF

ABB Schweiz AG, Baden

Switzerland

100.00

55,000

CHF

ABB Turbo Systems AG, Baden

Switzerland

100.00

10,000

CHF

ABB LIMITED, Bangkok

Thailand

100.00

1,034,000

THB

ABB Elektrik Sanayi A.S., Istanbul

Turkey

99.95

13,410

TRY

ABB Industries (L.L.C.), Dubai

United Arab Emirates

49.00(2)

5,000

AED

ABB Holdings Limited, Warrington

United Kingdom

100.00

226,014

GBP

ABB Limited, Warrington

United Kingdom

100.00

120,000

GBP

ABB Finance (USA) Inc., Delaware

United States

100.00

1

USD

ABB Holdings Inc., Cary, NC

United States

100.00

2

USD

ABB Inc., Cary, NC

United States

100.00

1

USD

ABB Treasury Center (USA), Inc., Wilmington, Delaware

United States

100.00

1

USD

Baldor Electric Company, Fort Smith, AR

United States

100.00

USD

Edison Holding Corporation, Delaware

United States

100.00

10

USD

Power-One Renewable Energy Solutions LLC, Delaware

United States

100.00

USD

Thomas & Betts Corporation, Knoxville, TN

United States

100.00

1

USD

Verdi Holding Corporation, Delaware

United States

100.00

USD

ABB’s operational group structure is described in the “Financial review of ABB Group” section of this Annual Report under “Operating and financial review and prospects – Organizational structure”.

Significant shareholders

Investor AB, Sweden, held 232,165,142 ABB shares as of December 31, 2015. This holding represents approximately 10.03 percent of ABB’s total share capital and voting rights as registered in the Commercial Register on that date. The number of shares held by Investor AB does not include shares held by Mr. Jacob Wallenberg, the chairman of Investor AB and a director of ABB, in his individual capacity.

Cevian Capital II GP Limited, Channel Islands, disclosed that as per July 24, 2015, on behalf of its general partners, it held 119,377,120 ABB shares. This holding represents approximately 5.2 percent of ABB’s total share capital and voting rights as registered in the Commercial Register on December 31, 2015.

BlackRock Inc., New York, U.S., disclosed that as per July 25, 2011, it, together with its direct and indirect subsidiaries, held 69,702,100 ABB shares. This holding represents 3.0 percent of ABB’s total share capital and voting rights as registered in the Commercial Register on December 31, 2015.

To the best of ABB’s knowledge, no other shareholder held 3 percent or more of ABB’s total share capital and voting rights as registered in the Commercial Register on December 31, 2015.

Under ABB’s Articles of Incorporation, each registered share represents one vote. Significant shareholders do not have different voting rights.

To our knowledge, we are not directly or indirectly owned or controlled by any government or by any other corporation or person.