China Blocks SoftBank Acquisition of ABB Robot Unit, FT Says

What to know

  • China has blocked SoftBank Group Corp.’s deal to acquire ABB Ltd.’s robots unit, the Financial Times reported, citing unidentified people.S1
  • Swiss-Swedish company’s unit is focused on Chinese market and has mega-factory in PudongS2
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2h Bloomberg

China Blocks SoftBank Acquisition of ABB Robot Unit, FT Says

China has blocked SoftBank Group Corp.’s deal to acquire ABB Ltd.’s robots unit, the Financial Times reported, citing unidentified people.

2h Ft

China blocks SoftBank’s $5.4bn takeover of ABB’s robotics division

Swiss-Swedish company’s unit is focused on Chinese market and has mega-factory in Pudong