BERLIN/ZURICH : ABB has further delayed the planned flotation of its electric vehicle charging business, the Swiss engineering and technology company said on Monday, citing the turbulence unsettling stock markets.
The company postponed the process on Monday, and gave no timeline for when it expected to resume the flotation of the business which makes high-speed charger devices for buses and cars. "ABB is monitoring market conditions and is fully committed to proceed with a listing of the business on the SIX Swiss Exchange as and when market conditions are constructive."
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