Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. KUKA AG
  6. News
  7. Summary
    KU2   DE0006204407

KUKA AG

(KU2)
Delayed Xetra  -  07:50 2022-11-09 am EST
84.00 EUR   +0.12%
11/16Guangdong Midea Electric Appliances Co. Ltd. completed the acquisition of KUKA Aktiengesellschaft.
CI
11/03Kuka : Quarterly Earnings
PU
11/03Kuka : Quarterly Earnings
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Midea : China's Midea seeking 49 percent Kuka stake

06/13/2016 | 01:20pm EST
A robot arm of German industrial robot maker Kuka is pictured at the company's stand in Hanover

BERLIN (Reuters) - China's Midea Group Co Ltd (>> Midea Group Co Ltd) is only seeking a 49 percent stake in German industrial robot maker Kuka (>> KUKA AG), Handelsblatt reported on Monday, citing unnamed sources in the German government.

BERLIN (Reuters) - China's Midea Group Co Ltd (>> Midea Group Co Ltd) is only seeking a 49 percent stake in German industrial robot maker Kuka (>> KUKA AG), Handelsblatt reported on Monday, citing unnamed sources in the German government.

Augsburg-based Kuka is the target of a takeover bid by the Chinese home appliance maker, which has fanned a furious debate over Chinese acquisitions in Europe, with some German politicians calling for tougher restrictions.

"Midea has clearly stated that its intentions are to have a meaningful stake in KUKA above 30 percent," a company spokesman said. "The ultimate level of our shareholding will depend on the level of KUKA shareholders that tender into the offer."

Chancellor Angela Merkel said during a visit to Beijing on Monday there was a general openness towards investments from China, but it was expected that the country opened up and offered the same investment conditions.

Instead of being majority-owned by Midea, Kuka would continue to have a strong German anchor shareholder, Handelsblatt reported, adding that Kuka Chief Executive Till Reuter would support such a solution.

Germany's Economy Ministry declined comment, while Kuka did not immediately respond to requests for comment.

(Reporting by Olaf Brenner, Ralf Bode and Alexander Huebner.; Writing by Andreas Cremer; Editing by Alexander Smith)

Stocks treated in this article : KUKA AG, Midea Group Co Ltd

ę Reuters 2016
All news about KUKA AG
11/16Guangdong Midea Electric Appliances Co. Ltd. completed the acquisition of KUKA Aktienge..
CI
11/03Kuka : Quarterly Earnings
PU
11/03Kuka : Quarterly Earnings
PU
11/02Dd : KUKA Aktiengesellschaft: Armin Kolb, sell
EQ
10/28KUKA Aktiengesellschaft Reports Earnings Results for the Third Quarter and Nine Months ..
CI
10/27Kuka : Quarterly Earnings
PU
10/27Kuka : Quarterly Earnings
PU
10/26Kuka Aktiengesellschaft : Strong Growth in the first nine months FY 2022 and adjusted Outl..
EQ
08/22KUKA Aktiengesellschaft Reports Earnings Results for the Second Quarter and Six Months ..
CI
08/04Kuka : Quarterly Earnings
PU
More news
Analyst Recommendations on KUKA AG
More recommendations
Chart KUKA AG
Duration : Period :
KUKA AG Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Peter G. Mohnen Chief Executive Officer
Liong Hauw Tan Chief Financial Officer
Yan Min Gu Chairman-Supervisory Board
Francoise Liu Member-Supervisory Board
Henning Kagermann Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
KUKA AG15.07%3 503
ATLAS COPCO AB-15.44%59 986
PARKER-HANNIFIN CORPORATION-6.52%38 185
FANUC CORPORATION-16.71%28 704
FORTIVE CORPORATION-10.55%24 144
SANDVIK AB-19.57%23 371