ABB to create e-mobility as a separate business by Q1 2022, plans an IPO in H1 2022
ABB would retain a majority shareholding in the future listed entity on e-mobility
Swiss supplier of automation and energy management solutions, ABB plans to create e-mobility as a separate business vertical in a spin-off exercise and is also planning an initial public offering (IPO) for the same, it said on its capital markets day on 7 December 2021.
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