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Investing.com -- ABB Ltd (SIX:ABBN)., a global technology leader, has chosen Bank of America Corp (NYSE:BAC). and UBS Group AG (NYSE:UBS) to facilitate a possible deal involving its robotics unit, according to Bloomberg, citing sources familiar with the matter.
The banks are assisting ABB (ST:ABB) in preparing for a potential spinoff or sale of the robotics business, said the sources, who wished to remain anonymous due to the private nature of the information.
The discussions are still in progress, and there is a possibility that more banks could be included in the process at a later stage, according to the same sources. In April, ABB announced its intention to spin off and list the robotics unit during the second quarter of 2026.
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