ABB Considering Sale of Electric Mobility Business, Bloomberg Reports
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Dow Jones
-- ABB is considering selling its e-mobility business, which includes its electric-vehicle charging stations worldwide and research and development facilities in China, Bloomberg reported, citing unnamed sources.
-- The sale could fetch anything between $100 million and $200 million, Bloomberg said.
-- The Swiss industrial conglomerate is working together with China International Capital Corp. on the possible sale and has sounded out potential buyers, according to Bloomberg.
-- ABB declined to comment.
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(END) Dow Jones Newswires
June 06, 2024 07:31 ET (11:31 GMT)
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