European Investment Bank will provide 500 million euros Asea Brown Boveri Ltd

ABB and European Investment Bank — credit division EU — signed the agreement on financing for the sum of 500 million euros of researches and development ABB in the electrification sphere. ABB plans to use money for design of decisions on distribution of the electric power the following generation — semiconductor switches, environmentally friendly distributing devices, and also technologies, raising efficiency and automation of buildings. Financing will be directed on support of research projects to Germany, Italy, Czech Republic, Finland, Norway...