China blocks SoftBank’s $5.4 billion takeover of ABB’s robotics division: Report

China has told Japanese investor SoftBank it will not allow the $5.4 billion acquisition of the robotics segment of Swiss engineering group ABB to go ahead, the Financial Times reported on Thursday, citing multiple people familiar with the matter.

Here are some details:

* China’s National Development and Reform Commission (NDRC) would block the deal, the report said