In a press release, the Swedish-Swiss group confirmed that Chinese authorities had blocked SoftBank's purchase of ABB Robotics' operations in China.
Last year, ABB agreed to sell its Robotics division to SoftBank for $5.4 billion.
China Blocks SoftBank’s Purchase of ABB’s Robotics Operations in the Country
ABB's major deal with Japan's SoftBank may not go ahead. China has blocked the sale of ABB's Robotics operations in the country to SoftBank.
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