ABB exploring potential sale of the robotics unit, Bloomberg says

ABB (ABBNY) is exploring a potential sale of the robotics unit, which could be worth more than $3.5B, as an alternative to its spinoff plan, Eyk Henning and Allegra Catelli of Bloomberg report, citing people familiar with the matter. ABB is close to appointing advisers for a sale as well as the listing, which it announced last month, sources told Bloomberg. “Should ABB be approached, it is the duty of the executive committee and board to thoroughly evaluate all proposals,” the company said in an emailed statement in response to Bloomberg News query. However, “we believe that a spinoff is the best option to optimize the respective companies’ abilities to create customer value,” it added.