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

Headline from Financial Times · First reported Nov 4, 10:02 PM ET (2h ago) · Updated Nov 4, 10:15 PM ET · 2 sources, 2 articles

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

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

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

No right outlets in our sources have covered this yet.