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China's Midea buys 25.1% stake in Germany's Kuka for US$1.3b

Midea's shares jump 13% while the German robot firm's shares go up by 26%

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Kuka's heavy industrial robotic arms and its nifty commercial robot that can fill a glass of beer (above) are the toast of the recent Kuka AG exhibition in Munich, Germany.

BT_20160705_KUKA_2369785.jpg
Kuka's heavy industrial robotic arms and its nifty commercial robot that can fill a glass of beer are the toast of the recent Kuka AG exhibition in Munich, Germany.

Frankfurt

CHINA'S Midea Group Co will become the largest shareholder of Kuka AG after buying a 25.1 per cent stake in the robot-making company from Voith GmbH as part of a deal that has been closely scrutinised by German politicians.

Voith will get about 1.2 billion euros ($1.79

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