Peter Voser
[Presentation]
[Interpreted] Dear shareholders, ladies and gentlemen. Welcome to our Annual General Meeting. I’m pleased to see that you have found the way to Oerlikon. Like in earlier years, this venue means a lot to us. Maschinenfabrik Oerlikon, one of ABB’s predecessor companies used to manufacture locomotives and generators in this very hall. And as you may have read, we are investing CHF 80 million in the new corporate headquarters in our historic building right next door by 2031.
As you can see, even though we are constantly reviewing our portfolio and adjusting it where necessary, ABB is committed to Switzerland. Welcome, everybody now in Swiss dialect as well. We’re very much looking forward to this meeting. May I also extend a welcome to those of you who are following our meeting via the Internet.
Likewise, I’m pleased to welcome my colleagues from the Board of Directors. Further, I would like to welcome [ Sebastien Tam ] here at the front. He is the representative of ABB’s biggest shareholder investor.
We also have a school class with us today, namely students of the fourth grade of the [indiscernible] Grammar School, and their focus subject is economics and law. They are accompanied by their teacher, [indiscernible]. You can see them. A warm welcome to all of you from our side. I’m particularly pleased to see you here because I grew up in Baden, [indiscernible] Wettingen and I know the school that you go to every day very well. So it’s fantastic to have you here today.
I’m pleased to see that you are interested in the most important form of Swiss company law, the corporation limited by shares. In
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