ABB acknowledges on Tuesday that it is experiencing difficulties in the preparations for the stock market launch (IPO) of its subdivision dedicated to electric mobility, initially scheduled before the end of June.
The electrotechnical conglomerate nevertheless still hopes to proceed with the operation in the course of the next few weeks, subject to an improvement in market conditions.
“Current conditions make it difficult to complete the planned IPO of ABB’s E-Mobility business in the second quarter,” the Zurich giant said in a statement.
The next few weeks should also see the group announce its decision to automate or sell the fast fueling activities for large machinery grouped within the Turbocharging unit. The reflection process was unveiled in mid-February.
/ATS
