Tuesday, 02 January 2024 12:17 GMT

Softbank And ABB Weigh Separating Chinese Robotics Operations Arabian Post


Date:

(MENAFN- The Arabian Post) clearfix"> SoftBank Group and ABB are examining whether to exclude Chinese operations from their $5.4 billion robotics transaction after Beijing prohibited the acquisition, leaving the companies searching for a revised structure that could secure regulatory clearance.

The Japanese investment group and Swiss engineering company are considering placing ABB Robotics' China business into a separately owned entity while allowing SoftBank to acquire the remaining operations. Discussions remain preliminary, and there is no assurance that the proposed separation will overcome China's objections or produce a completed transaction.

SoftBank is understood to be driving the restructuring discussions with ABB and their advisers. The companies have not publicly confirmed a carve-out proposal. Both declined to comment on the reported deliberations, although SoftBank has acknowledged continuing talks with ABB over the transaction.

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The Arabian Post

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