Engineering group ABB’s divestment plan receives cool market reception

Engineering group ABB’s ABBN.S plan to offload three of its most profitable businesses, announced on Thursday, was met with disappointment by analysts who described the strategy as unambitious. ABB said it was “exploring all options” to exit its turbocharging, mechanical power and power conversion divisions, which have combined annual sales of $1.75 billion, or 6% […]

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