Softbank And ABB Weigh Separating Chinese Robotics Operations Arabian Post
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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