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Has abb been acquired by China?

The day after tomorrow. SSE CSI News 65438+1October 16, Radio and Television Electric announced that by April 19, 2023, the company had acquired 60% equity of Shanghai ABB Switch Co., Ltd. (CJV) and Shanghai ABB Radio and Television Co., Ltd. (EJV) in cash. ABB group is one of the top 500 enterprises in the world. ABB Group, headquartered in Zurich, Switzerland, is listed and traded on Zurich, Stockholm and new york stock exchanges.