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Midea makes offer to raise stake in German robot maker Kuka

Friday, June 17, 2016 - 05:50
Midea 17.jpg
Midea Group Co, China's biggest appliance manufacturer, began a tender offer to raise its stake in Kuka AG that values the industrial robot maker at 4.6 billion euros (S$6.9 billion) and has provoked calls from within the German government for an alternative European investor.

Frankfurt

MIDEA Group Co, China's biggest appliance manufacturer, began a tender offer to raise its stake in Kuka AG that values the industrial robot maker at 4.6 billion euros (S$6.9 billion) and has provoked calls from within the German government for an alternative European investor.