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The Swiss group brought private investors on board for the charging station business for the first time in November.
(Photo: Reuters)
The Swiss electrical engineering group ABB has once again brought partners and fresh money on board for its charging station business, including Porsche Automobil Holding SE. The division will continue to be taken public, the company said on Wednesday.
“We are pleased that investors share our confidence and trust in the growth story of the e-mobility business,” said CEO Björn Rosengren. “We are also sticking to our strategy of listing our e-mobility business separately, provided market conditions are constructive.”
In addition to the VW umbrella company Porsche SE, the Singapore sovereign wealth fund GIC, the BeyondNetZero fund belonging to General Atlantic and the British company Just Climate are also participating in the second private share placement. They inject a total of CHF 325 million in fresh money and receive a share of around twelve percent in return.
With a stake of around 80 percent, ABB remains the main shareholder in E-mobility. According to its own statements, ABB does not want to bring in any more private investors.