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KUKA AG

by   -   May 19, 2016
Image source: KUKA Aktiengesellschaft
Image source: KUKA Aktiengesellschaft

In China’s relentless state-stimulated quest to grow their robotics industry, Midea Group, a Chinese appliance manufacturer which already owns 13.5% of KUKA’s shares, has offered to buy up to 49% of the remaining shares at a 59.6% premium.

UPDATED 6/13/ & 6/16: Adjusted to reflect news from Reuters that Midea is only seeking a 49% stake in Kuka instead of a full takeover.



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