China moves to block SoftBank Group’s acquisition of ABB’s robotics business, according to FT report (Jiji Press)

According to the Financial Times, Chinese authorities are reportedly planning not to approve SoftBank Group’s proposed acquisition of ABB’s industrial robotics business.

Read in fullFrom the source, not the headline

sources corroborateOutlets reporting the same event

companies linkedAcross 0 themes, second pass

The story

The Financial Times reported that SoftBank Group was considering acquiring the industrial robotics business of Swiss company ABB, and said that Chinese authorities planned not to approve the acquisition.

According to information from the FT, China is reportedly taking a cautious view of the transaction from both competition and national strategy perspectives, and there is currently no clear prospect of approval. The article is based on content reported by the FT’s online edition.

At a glance

CompanySoftBank Group’s plan to acquire ABB

Partner companyABB’s industrial robotics business

Institution/RegionChinese authorities intend not to approve the transaction

SourceInformation reported by the FT

Reference information. Every claim resolves to something the story actually named.

Where this came from

We read each source in full and checked they agree on the core claim.

1/ 1 agree

All of them report the same thing.

google.comNews

AgreesOpen

Read the original articleGo to the source page

Reference information generated from public sources. It does not solicit or advise on investments. Prices are 15-minute delayed.