A US District Court judge has set the hearing of the revised Plan of Reorganisation for Combustion Engineering, an ABB subsidiary, for 29 February.
The judge said he intended to issue an entry and affirmance of the confirmation order of the Plan of Reorganisation on that date. If there are no objections during the 30-day appeals period following the hearing, the plan would then become effective.
ABB could then start the process of setting up the Trust Fund for asbestos claimants.